Marathon Digital Holdings, a leading U.S. Bitcoin mining company, announced that all Bitcoin blocks mined in the United States will be labeled “Made in USA.” The company declared on X, “MARA is Team USA, and we proudly proclaim this on every American-made Bitcoin block we mine.”
Just in: Marathon has announced that they are now starting to stamp each #bitcoin block it mine "Made in the USA" 🇺🇸 pic.twitter.com/4ZbvChxdVY
— Bitcoin Magazine (@BitcoinMagazine) August 12, 2024
Marathon Digital CEO Fred Thiel emphasized this commitment, saying, “Every block mined by MARA pool in the United States is proudly stamped ‘Made in USA.’ We are the only large-scale miner that can do this because we operate our own pool and ensure that every block mined by MARA pool is made in the United States.”
This initiative is consistent with comments made by presidential candidate Donald Trump earlier this summer, when he expressed his desire that “all remaining Bitcoin should be made in the United States!!!” Trump believes that having more Bitcoin mining in the United States will contribute to the goal of American energy dominance. He also reaffirmed his support for domestic Bitcoin mining at the Bitcoin 2024 conference in Nashville, promising to ensure that American miners have the electricity they need to mine more Bitcoin in the United States.
Earlier today, Marathon Digital announced a $250 million convertible bond private placement to use the proceeds to purchase more Bitcoin, in line with the enterprise Bitcoin accumulation strategy pioneered by MicroStrategy.