Marathon Digital Holdings (MARA) mined 615 bitcoin in October, the highest monthly total in the company’s history, indicating that its struggle to bring hashrate online is over, according to a press release issued on Wednesday. Asset-light Marathon, which uses hosting companies and does not own the infrastructure that powers its mining machines, has had a difficult few months. A June storm In Montana knocked out the majority of its hashrate. Its hosting partner, one of the largest in the United States, Compute North, filed for chapter 11 bankruptcy in late September, unsettling the market about Marathon’s deployment prospects. Despite these, bitcoin mined in October nearly matches the total for the third quarter.
