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Marathon Digital Holdings Announces Kaspa Mining Operations; 93M KAS Mined, Equivalent To $15M, As Of June 25, 2024

Benzinga ·  Jun 27 04:06

93 Million KAS Mined, Equivalent to $15 Million, as of June 25, 2024

Fort Lauderdale, FL, June 26, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced that the Company is mining Kaspa (KAS), a proof-of-work (PoW) digital asset, to further diversify its portfolio of digital asset compute.

Kaspa is currently the fifth largest proof-of-work digital asset by market cap. It boasts a market cap of $3.9 billion with approximately $64.8 million in daily trading volume as of June 25, 2024. The circulating supply is approximately 24 billion KAS with a current block reward of 103.83 KAS, and the terminal supply is capped at 28.7 billion KAS.

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