The post Marathon Digital Holdings Reports April 2025 Bitcoin Mining Progress appeared on BitcoinEthereumNews.com.

Rongchai Wang May 05, 2025 19:53 Marathon Digital Holdings (MARA) announces a 5.5% increase in energized hashrate and updated BTC holdings, reflecting strategic expansion efforts in April 2025. Marathon Digital Holdings, Inc. (NASDAQ: MARA), a leading digital asset technology company, has reported significant updates regarding its Bitcoin (BTC) mining operations for April 2025. Despite facing challenges in the global hashrate landscape, the company has managed to increase its energized hashrate and expand its operational capacity, according to MARA. Hashrate and Production Insights In April, Marathon Digital Holdings experienced a 15% month-over-month decrease in the number of blocks won due to a significant global hashrate increase and an 8% rise in mining difficulty. Despite these challenges, MARA’s energized hashrate grew by 5.5%, reaching 57.3 EH/s. This increase was supported by the completion of a 50-megawatt expansion at their Ohio-based data center, doubling the site’s operational capacity to 100 MW with potential scaling up to 200 MW. Strategic Expansion and Environmental Initiatives Marathon also reported the installation of over 12,000 S21 Pro miners at their Ohio facility. Additionally, their gas-to-power operations in North Dakota and Texas were fully energized, contributing to their lowest cost per BTC mined. These sites are part of the company’s efforts to monetize excess gas and mitigate methane emissions, aligning with MARA’s strategy to transform into a vertically integrated digital energy and infrastructure entity. Financial and Operational Highlights As of April 30, 2025, MARA held 48,237 BTC, having opted not to sell any BTC during the month. The company continues to focus on enhancing operational control and cost-efficiency, aiming to become more resilient to economic changes. This resilience is evident in their ability to maintain a healthy BTC production rate, with 705 BTC produced in April despite the headwinds. Future Prospects and Cautionary Notes Looking forward, Marathon Digital…

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Filed under: News - @ May 6, 2025 7:26 am