Marathon Digital Holds $457M in Bitcoin After Increase in October Mining

Marathon Digital Holds 7M in Bitcoin After Increase in October Mining
Marathon Digital produced 417.7 bitcoins in October, a 23% increase over the previous month that boosted the value of the company’s total bitcoin holdings to about $457.4 million, the bitcoin miner said on Tuesday. Marathon Digital now has about 7,453 bitcoins. Its mining fleet consists of 27,280 active miners producing approximately 2.96 exahashes (EH/s). “With shipments of our previously purchased miners accelerating over the coming months, we continue to expect our bitcoin production to become more consistent as we scale,” Marathon Digital CEO Fred Thiel said in a statement.In a press release, Marathon Digital said that it had received 42,381…