Marathon Digital has 7,453 BTCs & Hong Kong SFC Received Requests to Offer Crypto ETFs

November 3, 2021


Marathon Digital currently has around 7,453 bitcoins. Its mining armada comprises 27,280 active miners delivering roughly 2.96 exahashes (EH/s). The organization has been extending quickly. After it gets all its exceptional buy orders for miners by mid-2022 and deploys the machines.

Marathon Digital Has 42,381 ASIC Crypto Miners

With shipments of our recently bought miners speeding up throughout the next few months, we keep on anticipating that our bitcoin production should turn out to be more reliable as we scale, Marathon Digital CEO Fred Thiel said in an assertion. In a public statement, Marathon Digital said that it had gotten 42,381 top-level ASIC miners from Bitmain this year with another 3,285 ASIC miners right now on the way.

Marathon Digital delivered 417.7 bitcoins in October, a 23% expansion over the earlier month that helped the worth of the organization’s complete bitcoin holdings to about $457.4 million, the bitcoin miner said on Tuesday.

In October, Marathon Digital reported that it had gotten a $100 million rotating credit extension with Silvergate Bank in bitcoin and U.S. dollars and would utilize the loan to fund the organization’s bitcoin mining operations and to obtain new equipment.

Hong Kong Securities & Futures Received No. of Requests for Crypto ETFs

Other than this, the Hong Kong Securities and Futures Commission (SFC) has gotten a number of requests from local organizations that need to offer crypto-related exchange-traded funds (ETFs) to their private bank and professional customers, SFC’s Deputy Chief Executive Officer and Executive Director Julia Leung said.

Talking at Hong Kong Fintech Week, the SFC director gave a brief look at the regulatory issues associated with ETFs, should retail clients be permitted admittance to crypto ETFs through internet-based intermediaries, and should they face extra restrictions contrasted with non-crypto ETFs.

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