The American company Marathon Digital Holdings has owned more than 460 million dollars in Bitcoin (BTC) since last year, mainly through mining and acquisitions.

According to a report released on Tuesday, the miner stated that it has accumulated all bitcoins obtained from mining – approximately 2,640 BTC – since the last sale in October 2020. In addition, Marathon Digital bought over 4,812 BTC in January when the price of cryptocurrencies was less than $ 35,000. At the time of publication, the price of BTC is $ 62,056, giving the miner 7,453 BTC almost $ 462 million.

The company continued to increase mining volumes despite global supply chain problems affecting the proliferation of crypto-mining rigs. Marathon Digital says it has leased aircraft to some of the 42,381 ASIC miners it currently owns, which allowed the company to generate over 417 BTC in October. Most of the miners are currently working at the company’s Montana facility, with 12,331 rigs awaiting deployment at Compute North’s Texas facility.

Marathon Digital Holdings’ MARA shares also rose above $ 63 on November 3, the highest level not seen since May 2015. Since then, the crypto-mining stock has fallen to $ 61.36 at the time of the press release.

Source: TradingView
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The company announced in May that it plans to achieve 70% carbon neutrality for its operations, despite plans to expand to distribute more than 90,000 previously purchased miners. According to Marathon Digital, a fleet of 133,000 miners will have a hash speed of around 13.3 EH / s by 2023.

Source: CoinTelegraph