Marathon Digital, one of the world’s largest bitcoin (BTC) miners, announced that it had $103.7 million in cash as of the end of the year.
Marathon Digital also took back the bitcoins it had taken as collateral for this debt, by closing one of its past debts last month. Thus, the number of bitcoins belonging to the company that are not shown as collateral in the company’s vault From 4 thousand 200 to 7 thousand 815 rose.
As of the end of the year, the total amount of the company not shown as collateral $103.7 million has cash.
In addition, when all bitcoins owned by the company are counted, A table of 12 thousand 232 BTC coming out.
The following statements were used in a statement made today by Marathon Digital CEO Fred Thiel:
“Taking into account the macroeconomic uncertainties we face as we enter 2023, we have decided to pay the full amount of our renewable letter of credit agreement.”
As of the end of 2022, Marathon Digital, based in Las Vegas, has a total A hash of 7 EH/s rate was. The company expects that number by mid-2023. Up to 23 EH/s plans to be.