Marathon Digital Achieves Significant Transformation and Growth in 2024

Marathon Digital achieved significant growth and transformation in 2024, transitioning from a Bitcoin mining company to a global leader in energy and infrastructure. The company reached several important milestones during the year, including an increase in computing power to 50 EH/s, a tripling of production capacity to 2 GW, the addition of 7 new mining sites, an increase in self-mined ratio to 65%, and an increase in Bitcoin holdings to 44,394 through a $2 billion zero-percent convertible bond. Furthermore, the company implemented a zero-cost energy strategy, acquiring wind farms, utilizing oil field waste gas for power generation, and recycling heat in Finland to provide heating for 80 thousand households. Additionally, it launched a two-phase immersion cooling system, a multi-chain Layer 2 network, and a Bitcoin transaction direct submission tool called Slipstream, achieving the highest capital return in the industry, while expanding its team size from 56 to 152 people.