Mining company Marathon Digital produced 3,490 Bitcoins in Q3, earning $97.8 million in revenue

Bitcoin mining company Marathon Digital released a third-quarter production and operations update: a total of 3,490 Bitcoins were produced in this quarter, with revenue reaching US$97.8 million; digital asset revenue was US$31.7 million, as the company sold 66% of the Bitcoins produced in the quarter. to cover operating costs. In addition, adjusted EBITDA increased to $43.7 million, computing power increased by 8% month-on-month to 19.1 EH/s, long-term debt decreased by 56%, and cash and Bitcoin reserves exceeded debt. The company's goal is to reach a computing power of 26 EH/s by the end of 2023 and a 30% increase in computing power by 2024.