ChainCatcher news, on-chain data shows that the digital asset technology company Marathon Digital has increased its holdings by 1,627 BTC (worth $166 million) in the past 8 hours.

ChainCatcher message, on-chain data shows that Marathon Digital has increased its holdings by 1,627 BTC ($166 million) in the past 8 hours.

ChainCatcher news, according to Spot On Chain monitoring, Bitcoin mining company Marathon Digital has transferred 22,044 BTC ($2.34 billion) in the past 14 hours.These funds are spread across 40 new, unidentified wallets, and they remain stored in these addresses to this day.Currently holding 14,364 BTC ($1.54 billion).

ChainCatcher news, according to Lookonchain monitoring, North American mining company Marathon Digital's address has accumulated 1,300 BTC (approximately 130 million USD) in the past 7 hours.

ChainCatcher news, according to Lookonchain monitoring, Marathon Digital has purchased 1,423 BTC again in the past 6 hours, worth approximately $139.5 million.MARA announced yesterday the completion of the second issuance of $850 million convertible notes, primarily for the purchase of Bitcoin and partially to repurchase existing notes maturing in 2026.

ChainCatcher news, according to @ai_9684xtpa's monitoring, North American Bitcoin mining company Marathon Digital is suspected of entrusting Galaxy Digital to sell 370 BTC, worth approximately 24.83 million dollars.After multiple transfers, Marathon transferred 370 BTC to Galaxy 9 hours ago, and the latter had already deposited the tokens into Binance four hours ago; Marathon currently still holds 12,837 BTC, valued at 862 million dollars.

ChainCatcher news, according to Decrypt, sources say that Marathon Digital's CEO Fred Thiel and GAA Lex Samuels met with Democratic National Committee Chair Jamie R. Harrison and his advisors on August 5 to discuss issues important to voters focused on cryptocurrency.

ChainCatcher message, HODL15Capital has compiled a list of publicly traded companies that are actively purchasing BTC and holding it long-term on their balance sheets.Among them, MicroStrategy holds 226,500; Marathon Digital holds 25,000; Block (Square) holds 8,038; Boyaa holds 1,100; Fold holds 1,000; Semler Scientific holds 929; Metaplanet holds 303; WonderFi holds 43; Bitcoin Depot holds 12.

ChainCatcher news, according to Coindesk, Jefferies investment bank pointed out in its latest research report that due to the Bitcoin price dropping over 6% in July while the network hash rate remained stable, Bitcoin mining profits have slightly decreased compared to June. Jefferies lowered the target stock price for Marathon Digital from $22 to $17, but maintained a hold rating. The stock fell 0.7% in pre-market trading to about $15.The report shows that U.S.-listed mining companies produced more Bitcoin in July, accounting for 21.1% of the total network output, up from 20.7% in May. Analysts Jonathan Petersen and Joe Dickstein noted that the pace of new capacity additions by public companies has outstripped the growth rate of the network hash rate. Marathon Digital produced 692 Bitcoins in July, a 17% increase from the previous month, and its installed hash rate remains the largest in the industry.JPMorgan's report also pointed out that the global hash rate share of U.S.-listed miners reached a record high in July. August will be more challenging for miners as the Bitcoin price has dropped about 5% and the network hash rate has begun to grow again.

ChainCatcher news, according to Cointelegraph, Bitcoin mining company Marathon Digital has been fined $138 million for violating confidentiality or non-avoidance agreements. Michael Ho, former co-founder of US Bitcoin Corp and Chief Strategy Officer of mining company Hut 8, won a unanimous jury verdict in the breach of contract lawsuit against Marathon Digital Holdings.

ChainCatcher news, according to CoinDesk, mining company Marathon Digital has held talks with Kenyan government departments to help manage the country's renewable energy through mining and assist in researching its cryptocurrency framework.Marathon Digital's Vice President of Government Affairs, Jayson Browder, stated, "We have been working closely with the Kenyan government to explore how to optimize renewable energy assets and monetize them."

ChainCatcher news, Kenyan President William Ruto announced that the government has appointed Bitcoin miner Marathon Digital as an advisor to consult with the Ministry of Finance and the Ministry of Energy on cryptocurrency regulations.Marathon Digital will discuss energy demands related to cryptocurrency mining with the Ministry of Energy.

ChainCatcher news, according to CryptoSlate, Bitcoin mining company Marathon Digital released its operational report for April, producing a total of 850 BTC this month, a year-on-year increase of 21%. This growth is mainly attributed to a 15% increase in its operational hash rate, which currently stands at 21.1 EH/s.In addition, Marathon stated that it sold 600 BTC in April to support monthly operations, manage finances, and for general corporate purposes. As of April 30, the mining company holds 17,631 BTC.

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."

ChainCatcher news, Bitcoin Layer2 network BOB announced on platform X that it will collaborate with the sidechain development platform Anduro to develop a new Bitcoin sidechain ALYS standard, focusing on leveraging Bitcoin's proof of work for security.In previous news, BOB (Build on Bitcoin) announced at the end of March that it had completed a $10 million seed round financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, and several angel investors. BOB is a hybrid Layer 2 network built on top of the Bitcoin blockchain but is compatible with Ethereum.

ChainCatcher news, the cryptocurrency mining company Marathon Digital released an update report on Bitcoin production and mining operations for February, in which 833 Bitcoins were produced and 290 Bitcoins were sold, increasing their BTC holdings to 16,930. As of February 29, 2024, cash and BTC totaled $1.5 billion.Marathon Digital still intends to sell a portion of its Bitcoin holdings in the near future to support monthly operations, manage its finances, and for general corporate purposes.

ChainCatcher message, Ordinals developer Leonidas posted on social media that block 832849 and the Runestone parent inscription have completed collaboration with OrdinalsBot and MarathonDigitalHoldings.

ChainCatcher news, reported by Blockworks, crypto mining company Marathon Digital announced the launch of the Bitcoin sidechain development platform Anduro, which aims to help users create Bitcoin sidechains.At the same time, Marathon has begun building two sidechains, named Cooperative and Alys, and the company stated that open-source contributors can further develop these two sidechains.Marathon stated that the sidechain Cooperative aims to serve the Ordinals community by providing dedicated space for UTXOs.