Marathon Q2 Bitcoin production down 44% as fleet remains crippled
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Bitcoin mining company Marathon Digital Holdings experienced a steep 43.8% decline in Bitcoin production over the second quarter of 2022. June registered as the company’s least productive month in over a year following the fall of its Montana facility. The Montana facility was hit by a massive storm on June 11 which knocked out the power station that fed 75% of its active fleet. No new blocks have been mined from the MARA mining pool since June 12. The outage threatens to continue into July, as to date, the Montana facility is yet to return online. CEO Fred Thiel acknowledged that the storm in June had a major impact on productivity, but also cast some of the blame for the lack of hash power on Marathon's new Texas facilities which have not yet switched on. Source