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Seeking Alpha 2022-06-09 20:46:26

Marathon Digital's total bitcoin holdings increased to 9,941 BTC as of June 1

Marathon Digital (NASDAQ:MARA) posted total bitcoin holdings of 9,941 BTC as of June 1, 2022 with a fair market value of $315.1M; this is in comparison to 9,673 BTC as of May 1. YTD, Marathon's mining fleet has produced 1,826 bitcoin (+214% Y/Y). Total number of miners installed rose to 19,000 miners at various locations in Texas, representing ~1.9 EH/s in containers. Operating mining fleet consists of 36,830 active miners producing ~3.9 EH/s as of June 1. During May 2022, the company produced 268 self-mined bitcoin compared to 299 in April due to ongoing maintenance and downtime at the power plant in Hardin, MT. Cash on hand stood at ~$59.6M and total liquidity, now defined as cash and available credit facilities, was ~$86M. Marathon continues to expect its mining operations to be 100% carbon neutral by 2022-end. CEO comment: "We remain confident that Marathon is well positioned to achieve its

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