Bitcoin Mining Companies Report Production and Expansion Updates for Q1 2023.

Marathon Digital Holdings, a leader in supporting and securing the Bitcoin ecosystem, reported a 21% month-over-month increase in Bitcoin production, producing a record 825 BTC in March 2023 and a record 2,195 BTC in Q1 2023. The company also increased its hash rate by 64% in Q1 2023 to 11.5 EH/s as of March 31, 2023. Marathon reported unrestricted cash and cash equivalents of $124.9 million and increased unrestricted Bitcoin holdings to 11,466 BTC (c. $326.5 million) as of March 31, 2023. The company aims to become one of the largest and most energy-efficient Bitcoin mining operations globally.