Bitcoin mining company MARA has reached a hash rate of 50 EH/s, a first in the industry

ChainCatcher news, according to Cointelegraph, Nasdaq-listed Bitcoin mining company MARA reported that its hash rate has doubled in 2024, reaching a year-end target of 50 EH/s, making it the first publicly traded Bitcoin mining company to cross this milestone. MARA's hash rate at the end of the third quarter was 36.9 EH/s, which means it has increased by at least 13.1 EH/s since then.

MARA CEO Fred Thiel stated on X: "Mission accomplished… but why stop here. Stay tuned, as we have more mining machines coming online, and we will continue to expand using our existing capacity."