Digital Holdings Marathon Improves Bitcoin Mining Machine Capabilities Before Halving

Marathon Digital Holding, the world's leading Bitcoin mining company. (Photo; Doc. Coinpost)

JAKARTA When the price of Bitcoin (BTC) experienced a significant post-an increase some time ago, Bitcoin mining company Marathon Digital Holdings (MDH) announced the purchase of a 200 megawatt data center in Texas worth $87.3 million (IDR 1.36 trillion).

This acquisition is part of MDH's preparation for scheduled changes in Bitcoin blockchain programming known as haling, which can reduce mining rewards and potential profits.

MDH, which has shown resistance during its latest crypto winter', is on track to increase its mining capacity to 1.1 gigawatts by 2024, with more than half in the facilities owned and operated by the company itself.

This increase is expected to strengthen MDH's position in the competitive Bitcoin mining industry, especially given the drastic drop in Bitcoin prizes for miners that will occur in April.

MDH shares are currently trading at $19.64 (Rp 306,000), showing an increase of nearly 8%. This performance reflects market optimism for MDH's move, although the price of Bitcoin itself has recently experienced a sharp correction, down nearly 7% in the last 24 hours from its record high at $73,682 (approximately IDR 1.151 billion).

With Blackrock's prospectus changes that include investing in exchange-traded products, demand in the crypto market continues to show a positive trend. MDH, as one of the few major public mining companies that managed to survive, is now in a lucrative position to take advantage of the opportunities that arise amid volatile market dynamics.