Marathon Digital Aims To Double Bitcoin Mining Capacity Ahead Of Schedule

Bitcoin miner Marathon Digital is ahead of schedule, now expecting to reach 50 EH/s of mining power by end of 2024 instead of 2025. The post Marathon Digital's hash rate is pulling ahead of expectations a week after the halving appeared first on Crypto Briefing.

Bitcoin miner Marathon Digital is ahead of schedule on its growth plans after a halving event that is expected to highlight segment winners and losers.

Marathon expects fully hash rate to reach around 50 EH/s by the end of 2024, double from the year's start.

Marathon Digital has revised its 2024 hash rate goal upwards from 35-37 exahashes per second (EH/s) to 50 EH/s following recent acquisitions that expanded its capacity.

Marathon Digital plans to increase its 2024 hash rate target for Bitcoin mining from 35-37 EH/s to 50 EH/s, thanks to expanded capacity from recent acquisitions, aiming to more than double its mining operations without the need to raise additional capital.

If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm's hash rate since the start of 2024.