Bitcoin mining company Marathon Digital has raised its 2024 hash rate target to 50 EH/s

ChainCatcher news, according to Cointelegraph, Bitcoin mining company Marathon Digital announced that it will increase its hash rate target for 2024 from 35-37 EH/s to 50 EH/s, as it has expanded its capacity following a recent acquisition.

Marathon CEO Fred Thiel stated, "Given the available capacity and hash rate after our recent acquisition… we now believe it is possible to double the scale of Marathon's mining operations in 2024. The company does not need to raise additional funds to achieve its new target hash rate, as it currently has sufficient capital."