Marathon said it has been accumulating or “hodling” its Bitcoin since October 2020. As of June 1, 2022, Marathon held approximately 9,941 BTC worth around $200 million.
) price may have fallen to the point of being unprofitable for the average miner, Marathon Digital Holdings says it will continue working to accumulate the leading crypto asset.
“For reference, in Q1 2022, our cost to produce a Bitcoin was approximately $6,200. We also have fixed pricing for power, so we are not subject to changes in the energy markets.”
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