Cryptocurrency miners have mined a record amount of bitcoin in December

Marathon Digital Holdings, an American mining company based in Florida, has set a new monthly record by mining 1,853 bitcoins in December. This is 56% more than in November and 290% more than in December 2022.

Marathon Digital CEO Fred Thiel said that in December, the company increased its hashing rate by 4% to 24.7 Ex/s, thus strengthening its position as the largest public mining company in North America.

In 2024, Marathon Digital promises to increase its hash rate by 30%. Taking into account the agreement with Generate Capital on the acquisition of two mining farms, the company’s hashing speed will reach 50 Ex/s in the next 18−24 months, the CEO assures.

It is noteworthy that progress is also observed outside the United States, in Abu Dhabi, where the hashing speed of equipment has reached 2.7 Ex/s. We are talking about more than 13,000 mining devices at another Marathon Digital facility in Masdar City.

The new facility in Paraguay brought the local rate to 0.3 Ex/s with 2,110 miners. Higher transaction fees also contributed to the rapid production of bitcoin BTC $98,637.74 Bitcoin 0.67% Market capitalization $1.95 trillion VOL. 24 hours $2.98 billion in December. During the month, the MaraPool pool collected over 380 BTC in transaction fees.

«The acquisition of mining centers in Granbury, Texas and Kearney, Nebraska is expected to optimize costs and accelerate our growth in the short term. The new miners have already been ordered, so we will be able to quickly fill the existing capacities,» says Marathon Digital CEO.

It should be added that in November, Marathon Digital reported a 467% increase in bitcoin mining. The same month, the company launched a pilot project to mine BTC at landfills, using methane released from waste to generate energy.