Marathon Digital's Bitcoin holdings have increased to 44,394 coins

ChainCatcher news, Marathon Digital posted on social media to review 2024, stating that it has transformed itself from a Bitcoin mining company into a leader in the global energy and infrastructure sector.

The company achieved significant milestones throughout the year, including a hash rate of 50 EH/s, a threefold increase in capacity to 2GW, the addition of 7 new mining sites, an increase in self-operated mining sites to 65%, and an increase in Bitcoin holdings to 44,394 coins through a $2 billion 0% convertible bond.

In addition, the company implemented a zero-cost energy strategy, acquired wind farms, utilized stranded gas from oil fields for energy, and recovered heat in Finland to provide heating for 80,000 households. It also launched a two-phase immersion cooling system, a multi-chain Layer 2 network, and a direct Bitcoin transaction submission tool called Slipstream, achieving the highest capital return rate in the industry, with the team size expanding from 56 to 152 people.