Marathon Digital Soars

Marathon Digital Holdings ($MARA@US) has reported nearly a 150% month-on-month increase in its Bitcoin production for December of 2021. The company hit a record 484.5 Bitcoin, far outpacing 196 Bitcoin in November. The company’s production has grown nearly 900% for 2021. With a mining fleet consisting of over 32,000 active units, Marathon has said that it plans to hold Bitcoin, having kept all its mined Bitcoin since October 2020. As North America has become the epicenter of Bitcoin mining after a major regulatory crackdown in China, there is plenty of room for companies like Marathon and Riot Blockchain ($RIOT@US) to grow. Even though Bitcoin is down over 30% from its all-time high. At press time, Marathon stock was trending up nearly 3%, approaching $33 per share.