The American mining company Marathon reported that it mined 442.2 BTC in July. The coins remained in wallets. The total amount of stored bitcoins reached 6,225.6 BTC.
At the current exchange rate, bitcoins in Marathon wallets are estimated at $ 235 million. Another $ 92 million lies in the company’s bank accounts. Thus, Marathon’s free funds are about $ 327 million.
Marathon operates 130 120 ASIC miners. Since the beginning of the year, the company has received 19,401 Antminer S19 Pros from the Chinese manufacturer Bitmain. Another 4,287 ASIC miners are in the process of delivery.
Since the beginning of the year, Marathon has mined 1,288.2 BTC. None of them were sold. In addition, in January of this year, the company additionally bought 4,812.66 BTC at an average price of $ 31,168.
“Despite the fact that at the end of July our miners were turned off for five days for maintenance and upgrades, as well as an annual survey of our buildings, we were still able to increase production by 66% and mine 442.2 BTC,” said Marathon CEO Fred Thiel (Fred Thiel).
Thiel said bitcoin mining was boosted by a significant drop in network hashrate last month due to mining bans in China. Earlier, the company announced the purchase of 30,000 new Antminer S19j Pro ASIC miners. It is this delivery that will bring the number of devices running Marathon to 133,000.
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