Marathon sets new record after mining 1,853 Bitcoin in December

Marathon sets new record after mining 1,853 Bitcoin in December

Marathon Digital achieved a record-breaking production of 1,853 Bitcoin (BTC) in December 2023, marking the highest monthly total ever recorded by a public BTC mining company.
The growth represents a significant 290% year-over-year increase and a 56% rise from the previous month. Marathon chairman and CEO Fred Thiel attributed the achievement to the company’s strategic expansion and operational efficiency. He stated:
“Our record-breaking production in December is a testament to our growth strategy and our commitment to leading the Bitcoin mining industry.”
Thiel also highlighted the company’s future growth targets, aiming for a 30% increase in energized hash rate in 2024.
Hash rate on the rise
A key factor contributing to the record production was Marathon’s increased average operational hash rate, which grew by 18% month-over-month to 22.4 exahashes per second (EH/s).
The growth is mainly driven by Marathon’s strategic expansions, including the energization of approximate

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