Marathon Digital’s Montana operations are shut down following a storm

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Last Updated on June 30, 2022 by Bitfinsider

Marathon Digital (MARA) reported that its bitcoin miners in Hardin, Montana, are currently without power due to a storm that passed through the area on June 11. The company has approximately 30,000 miners deployed in Montana, accounting for more than 75% of the active fleet.

The miners will most likely remain offline until the damaged power generating facility can be repaired, according to a statement issued by the company on Tuesday.
According to the company, some of the mining rigs may be able to come online and run at a reduced capacity as early as the first week of July.

“Bringing miners fully back online will take time,” said CEO Fred Thiel in a statement. “We are committed to doing everything we can to rebuild our hashrate and improve our bitcoin production.” “As part of that process, we have redirected our active miners, which represent approximately 0.6 exahash, to a third-party mining pool, so that we can increase our probability of earning bitcoin while we work to bring the Hardin miners back online,” he explained.

On June 9, the miner stated that due to energization delays in Texas in May and ongoing maintenance issues at its Hardin facility, it produced approximately 47 percent fewer bitcoins (BTC) than expected.


Marathon announced in April that it was planning to relocate miners from the Montana facility to more sustainable power sources during the third quarter of this year.


Marathon shares were down 1.2 percent in after-hours trading after falling 6% on the day, while the S&P 500 fell 2% and the Nasdaq fell 3%.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: Above are some affiliate links and we may collect a share of sales or other compensation from the links on this page.
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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