• Marathon Digital Holdings has been experimenting with overclocking to increase its competitive advantage in the BTC mining industry.
• Marathon produced 475 BTC in December 2022, bringing its total mined Bitcoin in the fiscal year of 2022 to 4,144 BTC.
• The company currently has approximately 69,000 active miners, capable of producing approximately 7 exahashes per second.
Marathon Digital Holdings, one of the largest Bitcoin (BTC) mining operations in North America, has released an update that it has been experimenting with overclocking in order to increase its competitive advantage in the BTC mining industry. Overclocking is the practice of increasing the clock speed of a computer’s central processing unit (CPU) or graphics processing unit (GPU) beyond the manufacturer’s rated maximum speed, potentially leading to improved performance in certain tasks.
The company’s chairman and CEO, Fred Thiel, commented on the decision to experiment with overclocking, saying: “These efforts position us to develop our competitive advantages further and become a more efficient and resilient business as we continue to grow.” He added: “We also took proactive measures to strengthen our liquidity position and enhance the performance of our mining fleet.”
Marathon produced 475 BTC in December 2022, bringing its total mined Bitcoin in the fiscal year of 2022 to 4,144 BTC. This is a 30% increase from the 3,197 BTC produced in 2021. The company currently has approximately 69,000 active miners, capable of producing approximately 7 exahashes per second.
In addition to overclocking, Marathon Digital has also taken measures to strengthen its liquidity position and to improve the performance of its mining fleet. This includes partnering with Silvergate Bank, a financial services company that specializes in cryptocurrency-related services. The partnership allows Marathon to access additional capital to acquire and expand its mining operations.
Marathon Digital’s success in the Bitcoin space is a testament to its commitment to staying ahead of the competition. The company’s efforts to increase its competitive advantage through overclocking and other measures have allowed it to increase its BTC production and put it in a strong position to benefit from the potential upside of the digital currency market.