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Marathon Digital Discards HODL Strategy: Sells BTC After More Than 2 Years

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Marathon sold 1,500 BTC in January, cashing out for the first time since October 2020.

Marathon Digital Holdings – one of the leading bitcoin miners – mined 687 BTC in January 2023, a 45% increase compared to the last month of 2022.

“We believe the improvements in our operational efficiency, along with the proactive measures we have taken to strengthen our balance sheet, have placed Marathon in a strong position to achieve our growth and operational targets in 2023,” he stated. Its total ownings stand at 11,418 BTC, of which 8,090 BTC are unrestricted. In addition, Marathon ended the month with $133.8 million in unrestricted cash on hand.The company aims to optimize its mining performance throughout 2023 and install around 23 exahashes of computing power by the middle of the year.

 

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