Marathon Digital Holdings announces Kaspa mining operations

Marathon Digital, one of the largest Bitcoin mining companies in the US and the world, announced that it also mines KAS, the Kaspa blockchain’s own token. Following the announcement that such a strategy was implemented for portfolio diversification, the price of KAS rose by more than 10%.

Marathon Digital Holdings announces Kaspa mining operations

Marathon Digital announced that it also mines Kaspa, another PoW coin. After the company’s announcement, Kaspa rose nearly 13%. There was also a 132% increase in Kaspa’s trading volume ($140 million).

Kaspa, which broke its own record at $0.19 earlier this month, is currently trading at $0.17.

Kaspa is currently the 5th largest PoW coin. Bitcoin, Dogecoin, Bitcoin Cash and Litecoin make up the top 4.

Stating that it wants to further increase its presence in the digital asset computing world, Marathon also stated in its statement that it has been studying Kaspa since May 2023. The company also informed that it has purchased KS3, KS5 and KS5 Pro devices for these mining activities.

As of June 25, Marathon stated that it has so far mined $15 million worth of Kaspa.

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