TechFlow news — Bitcoin mining company Marathon Digital Holdings has released its August 2023 Bitcoin mining operations update.
The company produced 1,072 bitcoins in August, a 9% decrease month-over-month from July but a fivefold increase year-over-year compared to August 2022. The decline in production during August was primarily due to high temperatures in Texas.
Marathon's operational hash rate in the U.S. increased by 2% month-over-month to 19.1 EH/s in August, while installed hash rate rose 1% to 23.1 EH/s, driven mainly by replacing older miners with S19 XP models.
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