PANews reported on December 26 that Marathon Digital had just tweeted a review of 2024, saying that it had transformed itself from a Bitcoin mining company to a global leader in energy and infrastructure. Important milestones were achieved throughout the year, including a computing power of 50 EH/s, a 3-fold increase in capacity to 2GW, the addition of 7 mining farms, an increase in the proportion of self-operated mining farms to 65%, and an increase in Bitcoin holdings to 44,394 through $2 billion in 0% convertible bonds. In addition, the company has implemented a zero-cost energy strategy, acquiring wind farms, using oil field waste gas for energy, and recovering heat in Finland to heat 80,000 households. At the same time, it launched a two-phase immersion cooling system, a multi-chain Layer 2 network, and a Bitcoin transaction direct submission tool Slipstream, and achieved the industry's highest return on capital, and the team size expanded from 56 to 152 people.
Marathon Digital's Bitcoin holdings have increased to 44,394
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