Bitcoin's mining difficulty just recorded its largest percentage decrease since the advent of ASIC mining machines in late 2012.
Interim CEO Jimmy Vaiopoulos will return to his role as CFO.
12% of revenue came from fees, the highest percentage since January 2018.
The cost of doing transactions on bitcoin is surging at a time the network is suffering its worst congestion in nearly three years.
ASIC financing has driven Bitcoin's hashrate to all-time highs in 2020. By consequence, Bitcoin is less profitable to mine than ever.
This marks the second 10,000+ machine order from Marathon since August.
Compass by HASHR8 matches individual miners with mining farms to host their hardware.
The joint venture will see Marathon co-locate a bitcoin mining facility within Beowulf's Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana.
Miners generated an estimated $328 million in September.
The Nasdaq-listed mining manufacturer dropped 2% in Q3.
The new Southeast Asian facility will mean U.S. buyers won't have to pay an additional 25% tax on miner orders.
A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.
A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin.
The board of directors of bitcoin mining manufacturer Canaan approved a buyback program Monday for its lagging shares.
Miners generated an estimated $368 million in August.