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MARA MINERS ARE CURRENTLY WITHOUT POWER DUE TO STROM: HARDIN, MONT.

MARA MINERS ARE CURRENTLY WITHOUT POWER DUE TO STROM: HARDIN, MONT.

Bitcoin miner Marathon Digital (MARA) said its miners in Hardin, Mont., Are currently powerless due to a hurricane that swept through the region on June 11. The company has about 30,000 miners deployed in Montana, representing more than 75% of the company. active vessels.


Miners are likely to remain offline until the damaged power plant is repaired, the company said in a statement on Tuesday.


However, some mining rigs could go online and operate at a reduced rate early in the first week of July, the company said.


"Bringing miners fully online will take time, and we are committed to doing everything we can to rebuild our hashrate and improve our bitcoin production," CEO Fred Thiel said in a statement. “As part of that process, we have redirected our working miners, who represent about 0.6 exahash, to look at a foreign company's mining area, so that we can improve our chances of obtaining bitcoin while working to bring back Hardin miners online. , ”He added.


On June 9, the miner claimed to have experienced Texas power delays in May and ongoing storage problems at its site in Hardin, resulting in the production of about 47% fewer bitcoins (BTC) than previously expected.


Marathon said in April that it was already preparing to move miners from the Montana center to sustainable energy sources in the third quarter of this year.


Shares in Marathon decreased by 1.2% in late trading after the end of the day fell by 6% on the day when the S&P 500 fell by 2% and Nasdaq dropped by 3%.

Source: yahoo




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