Bitcoin Miner MARA Transfers 298 BTC After Opening Door To Sales
Bitcoin miner Marathon Digital (MARA) has transferred 298 BTC (worth $21 million) to institutional trading platform Cumberland. This follows the company’s recent SEC filing indicating a strategic shift to allow Bitcoin sales from its treasury. Historically a holder of mined and purchased BTC, MARA began permitting sales last year and recently expanded this policy. The move coincides with a challenging mining environment, as Bitcoin's current price hovers around MARA’s estimated average mining cost of $70,027, putting the company near break-even. MARA, along with other miners like Bitfarms, is also exploring opportunities in the AI and high-performance computing sectors. Bitcoin is currently trading around $70,700.
bitcoinist03/12 11:02
