These developments, combined with Marathon Digital’s expansion into mining other cryptocurrencies, have sparked uncertainty among investors, causing Bitcoin to struggle below the key $60,000 mark. Immediate support lies at $58,000.
Bitcoin price recently fell to $59,520, reflecting growing market concerns amid Nasdaq’s plans for Bitcoin Index Options and CME’s introduction of smaller Bitcoin futures.
Marathon plans to allocate a small portion of its energy resources to Kaspa mining, aiming to generate high-margin returns and enhance shareholder value.
This strategic move, revealed by CFO Salman Khan, aims to optimize profitability while still prioritizing Bitcoin.
Marathon Digital Holdings, a well-known Bitcoin mining company, is expanding its operations to include the mining of other cryptocurrencies, notably the lesser-known altcoin, Kaspa.