Marathon Digital plans to double its computing power to 50 EH/s by the end of this year

According to The Block, cryptocurrency mining company Marathon Digital plans to increase its computing power to 50 EH/s by the end of 2024, which is double the amount at the beginning of the year. Starting in 2024, the total computing power of its mining facilities will be approximately 24.7 EH/s. Marathon initially planned to increase its computing power by about 46% by the end of the year, with a target of 35-37 EH/s. Due to recent acquisitions and an increase in machine orders and production capacity, the company now expects its business to expand and reach a full hash rate of approximately 50 EH/s by the end of 2024.