(MENAFN- Investor Brand Network)
Marathon Digital Holdings (NASDAQ: MARA) , a leader in supporting and securing the bitcoin ecosystem, has disclosed that, as a result of a storm that passed through Hardin, Montana, earlier this month, the company's mining operations in the region are currently without power and likely to remain offline until the damaged power generating facility can be repaired. Based on the latest inspection reports, Marathon's Montana-based miners may have sufficient power to come back online in a reduced capacity as early as the first week of July.“The severe storm in Montana unexpectedly decreased our hash rate in June and presented us with a new challenge that we are actively working to overcome,” said Fred Thiel, Marathon's chairman and CEO.“Bringing miners fully back online will take time, and we are committed to doing everything we can to rebuild our hash rate and to improve our bitcoin production. As part of that process, we have redirected our active miners, which represent approximately 0.6 exahash, to point towards a third-party mining pool, so that we can improve our probability of earning bitcoin while we work to bring the Hardin miners back online. Separate from this event, construction and installations in Texas have continued as scheduled, and given the current macro environment, our pipeline of potential new hosting arrangements remains strong. We appreciate the continued support of our shareholders as we work through this process.”
To view the full press release, visit
About Marathon Digital Holdings Inc.
Marathon is a digital asset technology company that focuses on supporting and securing the bitcoin ecosystem. The company is currently in the process of becoming one of the largest and most sustainably powered bitcoin mining operations in North America, while remaining asset light. For more information about the company, visit .
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime . As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today's market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
To receive instant SMS alerts, text“CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only)
CryptoCurrency News Wire is where News, content and information converge via Crypto.
For more information, please visit
New York, New York
CryptoCurrencyWire is part of the InvestorBrandNetwork
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.