Just noticed Marathon Digital put up some solid numbers for March. They mined 829 BTC and captured 242 blocks, which is a 17% jump from the previous month. Pretty impressive considering how much mining difficulty has ramped up globally.



What caught my attention is their daily average hit 26.8 BTC in March, up from 25.2 BTC in February. Their slice of available miner rewards also grew to 5.8%, which shows they're maintaining competitive efficiency even as the network gets tougher. By end of month, their total Bitcoin holdings reached 47,531 BTC when you include loaned and collateralized assets.

The interesting part here is how much their proprietary MARAPool is contributing to these gains. They're the only publicly traded miner running their own pool, and since launch it's outperformed the network average luck factor by over 10%. That's translating directly into more blocks and better rewards. Marathon's CEO Fred Thiel mentioned that operating their own MARAPool gives them better control over efficiency and earnings, which you can see reflected in these numbers.

On the infrastructure side, they reported a 1% month-over-month increase in energized hashrate to 54.3 EH/s. They're also building out a 40-megawatt data center in Ohio that should be online by end of April. This expansion aligns with their strategy to strengthen their position in Bitcoin mining.

Also worth noting they announced plans to sell $2 billion in stock through an at-the-market offering to fund Bitcoin purchases. So they're clearly doubling down on accumulation while maintaining strong operational efficiency through MARAPool.
BTC0.96%
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