July 02, 2021
Marathon Digital Holdings, one of the largest enterprise Bitcoin self-mining companies in North America, published unaudited bitcoin production and miner installation updates for June 2021, according to a press release.
It produced 265.6 new minted bitcoins during June 2021, increasing total bitcoin holdings to approximately 5,784 with a fair market value of approximately $201.6 million.
Cash on hand was approximately $170.6 million and total liquidity, defined as cash and bitcoin holdings, was approximately $372.2 million.
The company received approximately 18,702 S-19 Pro ASIC miners from Bitmain year to date with an additional 1,056 S-19 Pro ASIC miners currently in transit.
Increased active mining fleet to approximately 19,395 miners, generating approximately 2.09 EH/s.
The company has completed construction of the containers that house mining rigs at the company’s mining facility in Hardin, MT
As of July 1, 2021, Marathon’s mining fleet has produced approximately 846 newly minted bitcoins during 2021.
As a result, Marathon currently holds approximately 5,784 BTC, including the 4,812.66 BTC the company purchased in January 2021 for an average price of $31,168 per BTC.
On July 1, 2021, the fair market value of one bitcoin was approximately $34,855, implying that the approximate fair market value of Marathon’s current bitcoin holdings is approximately $201.6 million.