Marathon Digital gains after Q1 production and mining operation update

Marathon Digital (MARA) produced 196 new minted bitcoins in Q1'21, increasing total bitcoin holdings to 5,134.2 with a fair market value of ~$301.9M as of March 31, 2021.Cash on hand was ~$212M and total liquidity (cash and bitcoin holdings) was ~$513.9M, as of March 31, 2021.The company received ~10,300 S-19 Pro ASIC miners from Bitmain during Q1'21."......At the start of 2021, our mining fleet consisted of 2,560 miners, generating 0.25 EH/s. By early 2022, our mining fleet will consist of 103,120 miners, generating 10.37 EH/s. That is a 4,081% increase in power in approximately one year," says Merrick Okamoto, chairman and CEO.Shares +0.75% premarket.Press Release