This Is How Many Giant Bitcoin Miners Have Sold in Three Months - Coin Newsletter

Marathon Digital, one of the world's largest cryptocurrency mining companies, generated nearly $200 million in Bitcoin in three months.

According to Marathon Digital, the company generated 2,811 Bitcoin (BTC) in the first quarter of this year. At current prices, that's about $176 million.

Bitcoin price's break record during the year had a positive impact on Marathon's balance sheet. The company's profit grew 184% year-over-year to $337.2 million**.

The company, which has $1.6 billion in liquidity, aims to reach a hash capacity of 50 EH/s by the end of this year, with recent orders and acquisitions.

According to a statement by Marathon, the company sold 26% of the Bitcoins it produced in the first quarter to cover its operating costs. The company's $1.6 billion reserve consists of cash, cash equivalents and Bitcoin.

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