Marathon, one of the biggest BTC self-mining companies in North America, made an announcement revealing its BTC miner installation and production updates for May. It’s still a shocker to most that it doesn’t plan on selling off its BTC holdings despite the market condition. Marathon BTC Miner Installation Update According to Marathon’s chairman and CEO, Fred Thiel, it’s taken longer than expected for Compute North’s electricity company to receive approval from the IRS. But, they’re still putting miners in the Texas sites. The setbacks have been frustrating. But their present belief is that miners will begin to continue later this month. The Marathon team is working closely and aggressively with Compute North. It aims to acquire a better understanding of the power company’s timeframe. It also wants to ensure that, once fixed, these setbacks wouldn’t affect its future operations. For now, regardless of the energization timeline, it has completed its BTC miner installations. It installed 19K miners, or 1.9 EH/s, who are ready to start in addition to its operational fleet. The first big plant in West Texas has almost 9K of these units (0.9 EH/s). The rest will be deployed at other locations. It will be constructing the first major facility in 4 stages with the first stage having already been completed. The facility will accommodate 68K miners. lts construction will be complete by the end of Q3 2022. Marathon’s BTC Production Updat...
$285 Million in Bitcoin Shorts Wiped Out
