Marathon said it deployed its first Kaspa miner in September and has since mined 93 million KAS worth around $15 million.
Marathon Digital, the largest public Bitcoin miner by market cap, announced late Wednesday it had expanded into altcoin mining to diversify its revenue streams following Bitcoin's latest halving event.
In contrast, Marathon mined $176 million of Bitcoin in Q1 this year. It holds 17,857 BTC as of May 31, according to the firm. “By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin, and that is directly tied to our core competencies in digital asset compute,” Marathon Chief Growth Officer Adam Swick said in a statement.
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