Marathon Digital Ventures into Kaspa Mining to Enhance Operations

Marathon Digital Holdings Inc. has expanded its mining operations to include Kaspa (KAS). A proof-of-work digital asset, adding $15 million in assets by mining 93 million KAS as of June 25, 2024. 

This strategic move diversifies Marathon’s portfolio beyond Bitcoin (BTC). Leveraging Kaspa’s rapid Blockdag processing system. Starting in May 2023, Marathon utilized its existing infrastructure and expertise, deploying Kaspa-specific ASICs to achieve high margins. 

With 30 petahash of these ASICs operational in Texas and plans to activate more by Q3 2024, Marathon is positioned to capitalize on the growing trend of diversified digital asset mining.

Clever Robot News Desk 29^th June 2024