2 weeks ago
Marathon Digital reported a important year-on-year surge successful its Bitcoin accumulation past month, defying expectations surrounding the halving event.
Bitcoin accumulation increase
In its April operational report, Marathon revealed that it produced 850 BTC, marking a notable 21% summation connected the year-on-year metrics. This uptick is chiefly attributed to the 15% boost successful its operational hashrate, present lasting astatine 21.1 exahash.
The motorboat of the Runes Protocol and the Bitcoin halving event, which reduced miners’ rewards to 3.125 BTC per block, volition person had a marginal interaction connected the data, with little than 1 period since the events.
Nonetheless, Marathon’s improved hash complaint enabled it to capitalize connected the accrued transaction fees inspired by the Runes Protocol. Transaction fees contributed astir 16% to the Bitcoin net successful April.
Fred Thiel, Marathon’s president and CEO, said:
“In April, we achieved an each clip operating hash complaint precocious of 25.9 exahash. Transaction fees besides reached each clip highs astir the Halving, which we were capable to capitalize connected with our Slipstream work and our proprietary mining pool. Just earlier the Halving, we earned an further 4.25 BTC from Slipstream alone, and MARA Pool outperformed, capturing 1 artifact with 10 BTC and different with 16 BTC successful transaction fees.”
Meanwhile, Marathon said it sold 600 BTC successful April to enactment monthly operations, negociate its treasury, and for wide firm purposes. The miner held 17,631 unrestricted Bitcoin arsenic of April 30.
Consultant to Kenya government
In a parallel development, Kenya’s president, Williams Ruto, spoke astatine the AMCHAM acme and revealed ongoing discussions betwixt the African state and the crypto miners astir crypto regulations and mining.
Ruto said:
“Marathon Digital has been ushered to consult with the National Treasury Kenya connected our cryptocurrency authorities and to the Ministry of Energy to sermon its vigor needs successful transportation with cryptocurrency mining present successful Kenya.”
The steadfast besides confirmed this development, adding that its squad is discussing however its integer plus information centers “can spur vigor improvement successful the portion and foster US-East Africa commercialized relations.”
The station Marathon Digital boosts Bitcoin accumulation by 21% YoY successful April, defies halving challenges appeared archetypal connected CryptoSlate.
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