HomeCoinsBitcoin (BTC)Marathon’s Bitcoin Production Fell in November Due to Maintenance Work on Power...

Marathon’s Bitcoin Production Fell in November Due to Maintenance Work on Power Plant

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Marathon Digital Holdings mined less bitcoin in November than in the previous month as maintenance and upgrades to its Hardin, Montana, facility led to a reduction in its hashrate capacity. The miner produced 196 BTC last month, while October had yielded 417.7 new coins; Marathon now holds about 7,649.1 bitcoin with a fair market value of approximately $437.4 million.

“While these upgrades caused our miners in Hardin to operate below capacity in November, which negatively impacted our bitcoin production for the month, we believe they were necessary in the near-term and will be beneficial in the long-run,” Marathon’s CEO Fred Thiel said in a statement Friday.

First published here

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