Here’s what Marathon Digital revealed in its September BTC production report

Marathon Digital, the industry’s top mining company, has recently published its September Bitcoin production and Mining Operation report which reveals that it produced 360 BTC last month, a considerable increase from the 184 BTC it generated in August.

The overall value of the company’s bitcoin assets increased to $10,670 BTC, or around $215 million. The publicly traded BTC miner generated 616 BTC in the third quarter of 2022 and moved some of the infrastructures for one of its facilities from Montana to Texas.

Marathon mined 360 BTC in September, about twice as much as it did in August. Notably, as TheCoinRise reported, the company mined 72 BTC in July.

Marathon Digital’s further commitments

The running mining fleet of the company now has over 57,000 active miners, who are producing about 5.7 EH/s. By the end of Q3, Marathon had deployed 19,000 more miners, which boosted the amount of computational power. According to Fred Thiel, chairman and CEO of Marathon:

“We expect to continue building our hash rate in the fourth quarter as approximately 19,000 additional miners, representing approximately 2.0 exahashes per second, are expected to come online in the next 30 days.”

The company adhered to its original plan and did not sell any of its bitcoins. At the time of writing, it had 10,670 BTC with a market value of over $215 million. Interestingly, Marathon last sold some of its BTC two years back in October 2020.

A further commitment by the mining corporation was to relocate roughly 3,000 of its workers from Compute North’s operations in South Dakota and Nebraska to new areas. The transition, nevertheless, is unrelated to Compute North’s Chapter 11 bankruptcy filing. However, Marathon recently revealed $80 million exposure to Compute North, as TheCoinRise reported.

The stock price of the Las Vegas-based corporation, which joined NASDAQ in 2013, significantly increased after the announcement. MARA is currently trading at $13.10, a rise of 5% per day.