Marathon digital holdings

Marathon digital holdings diversify with Kaspa

Marathon digital holdings, one of the largest Bitcoin miners in the world, just released a statement disclosing they have mined Kaspa worth $15 million over a period of time.

  • The miner has activated machines with a total capacity of 30 petahash to mine Kaspa, with an additional 30 petahash set to go online by the third quarter.
By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin, and that is directly tied to our core competencies in digital asset compute
Adam Swick, Marathon’s chief growth officer

Marathon began mining Kaspa in September of last year after activating its first mining computer. The miner has purchased machines totaling 60 petahash in capacity, capable of generating profit margins of up to 95%, according to their statement. Currently, Marathon has 30 petahash of mining rigs operational at its Texas sites, with the remaining 30 petahash expected to be online by the third quarter. To date, the company has mined 93 million KAS, valued at approximately $15 million.

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