Bitcoin Miner Marathon Digital Sold Almost All Bitcoins Mined in February

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.MarathonDH $MARA sold another 650 bitcoin in February to help pay expenses, its second consecutive month of sales. Aoyon_A reports

Turning to operations, Marathon said it had installed computing power of 14 exahash per second at the end of February, up from 11 EH/s a month earlier,

and plans to reach 23 EH/s near the middle of 2023. The company ended the month with $219.7 million in unrestricted cash on hand, according to the statement.

 

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MarathonDH Aoyon_A This why proof of work is superior, If they stake ETH , they have no expenses which doesn't incentives them to sell , and the whales get fatter and the DCA gets less value as time pass

MarathonDH Aoyon_A why dont they bridge their btc onto eth and then take a loan to pay bills? whats the point?

MarathonDH Aoyon_A Should have sold at $60k 🤔

MarathonDH Aoyon_A This is good news. More power to people who bought those sats.

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