Marathon enters Kaspa mining: a positive signal and strong validation for Kaspa

In addition to BTC mining, Marathon Digital Holdings is entering altcoin mining for the first time and mining Kaspa

‍

Marathon Digital Holdings, a heavyweight in crypto mining, recently announced its entry into Kaspa mining. This decision highlights Kaspa's growing potential as a valuable digital currency. Let's look at the details of this expansion and why Kaspa could be an exciting addition to the crypto landscape.

‍

The story of Marathon Digital Holdings

‍

NASDAQ-listed company Marathon Digital Holdings (NASDAQ: MARA) began the corporate journey under the name Marathon Patent Group. Originally active in patent exploitation, the company decided to radically change course in 2020. Marathon focused on mining Bitcoin from then on and took on a pioneering role in the industry. Through strategic investments in modern mining hardware and expanding its data centers, Marathon managed to become one of the largest publicly traded Bitcoin miners in the world.

‍

Marathon's success story is closely linked to the expansion of its mining capacities. While many companies in the crypto world were severely affected by market fluctuations, Marathon proved robust and adaptable. Through partnerships with other major players in the industry, such as Compute North, the company succeeded in converting its mining facilities to more environmentally friendly and, above all, cheaper energy sources. This step was crucial to expand computing capacities while minimizing the environmental footprint.

‍

By 2024, Marathon had built up an impressive miner fleet of around 246,000 active miners and was producing hundreds of bitcoins a month. The company's ambitions were also illustrated by plans to achieve a total hash rate of 50 EH/s by the end of 2024 — an achievement that would establish Marathon as one of the absolute leaders in Bitcoin mining.

‍

‍

Marathon Digital Holdings: A Bitcoin Giant

‍

So far, Marathon has focused exclusively on mining Bitcoin. This specialization enabled the company to fully focus on the largest and most valuable digital asset and optimize its mining activities accordingly. Bitcoin, as the first and most widely used cryptocurrency, is still the standard by which other cryptocurrencies and crypto mining activities measure themselves. Marathon recognized this early on and built his business specifically around this cryptocurrency.

‍

Marathon's decision to focus on Bitcoin alone had several benefits. On the one hand, the company was able to invest its resources and know-how in optimizing Bitcoin mining processes. On the other hand, Marathon benefited from the economies of scale created by focusing on a single cryptocurrency. As a result, the company was able to reduce costs and increase efficiency at the same time.

‍

This strategy paid off: Marathon became one of the largest independent Bitcoin producers worldwide. But now, in a surprising move, the company has decided to diversify its mining portfolio and add another cryptocurrency — Kaspa.

‍

‍

Introducing Kaspa to Marathon's mining portfolio

‍

The announcement that Marathon Digital Holdings will now also mine Kaspa has caused quite a stir in the crypto world. Kaspa, a relatively new cryptocurrency, has become increasingly important in recent years. It differs from Bitcoin because of its unique technical structure and innovative approach to scaling and security.

‍

Kaspa is based on the concept of BlockDag (Directed Acyclic Graph), which offers several advantages compared to traditional blockchain technology. While the blockchain represents a linear chain of blocks, the BlockDAG model allows transactions to be processed in parallel. This results in higher transaction speeds and greater scalability without sacrificing security. Kaspa was specifically designed to address the weaknesses of existing cryptocurrencies and provide a more efficient alternative.

‍

For Marathon, adding Kaspa to its mining portfolio means more than just expanding its activities. It shows that the company is ready to adapt to changing market conditions and invest in emerging technologies. This move is a positive signal, strong validation and could prove extremely beneficial as Kaspa has the potential to become one of the leading cryptocurrencies.

‍

‍

What does this mean for Kaspa and the Kaspa ecosystem?

‍

Marathon Digital Holdings' decision to mine Kaspa is a strong signal for the entire Kaspa ecosystem. When such a significant company as Marathon decides to add a cryptocurrency to its mining portfolio, it speaks volumes about confidence in that currency's long-term prospects. Furthermore, the signal to mine Kaspa as the first altcoin and not Dogecoin/Litecoin or Ethereum Classic, for example, is another accolade for Kaspa.

‍

For the Kaspa ecosystem, this means validating the underlying technology and the currency's potential. It is likely that other major players will follow Marathon's example, which could lead to greater dissemination and acceptance of Kaspa. This development could also help to increase Kaspa's value in the markets and attract investor interest.

‍

In addition, Marathon's entry into Kaspa mining could also contribute to stronger network security. Until now, Kaspa has been particularly popular with smaller miners, but the participation of a large company such as Marathon could further strengthen and secure the network.

‍

But there is also a negative aspect to Kaspa mining with the introduction of Marathon. The overall network hashrate will rise sharply, reducing mining profits while keeping coin prices the same. If you are interested in mining, you should closely monitor the development. However, sharp increases in activity in the Kaspa ecosystem can trigger sharp price increases, but it is very difficult to make an accurate forecast here. There are various forecasts from analysts on this that you should look at.

‍

‍

Conclusion

‍

Marathon Digital Holdings has decided to embark on an exciting new direction with its entry into Kaspa mining. As one of the leading companies in Bitcoin mining, Marathon shows that it is ready to adapt and invest in new, promising technologies. This step could be of great importance not only for Marathon itself, but also for the entire Kaspa ecosystem.

‍

The diversification towards Kaspa shows that Marathon is closely monitoring developments in the crypto market and is ready to seize opportunities when they arise. It will be exciting to see how this new strategy pays off for Marathon and what impact it will have on Kaspa's future.

‍

In an industry that is constantly evolving, it is crucial to be flexible and forward-looking. With this move, Marathon Digital Holdings has shown that it has these qualities and is ready to continue its success story in the world of cryptocurrencies.

‍

‍

Start Kaspa mining with our Kaspa miners from Bitmain and Iceriver

‍

Are you interested in mining Kaspa after reading this blog article? At Cryptohall24, we offer powerful Kaspa miners such as the KS5 Pro and KS5L/KS5M, which are designed for maximum efficiency. With a kheavyhash hashrate of 21 TH/s, Bitmain's KS5 Pro is by far the most powerful Kaspa miner on the market. But the KS5L and KS5M, which are based on Iceriver's Kaspa Miner platform, also offer a good option with a very stable hash rate of 12 and 15 TH/s, respectively. Feel free to contact us for a non-binding offer.

‍

Insightful interview with Kaspa experts

‍

Learn more about Kaspa and its mining potential in an interview with Frederik Dürr, CEO of Cryptohall24, Luke (Kaspa Ambassador) and Shai (Core Developer). The full interview is here at Youtube available.

For more information about crypto mining, visit our website: cryptohall24.com

You can find our offered miners here

You can find our hosting services here

And if you want a quote for hardware and/or hosting, you can contact us here contact

‍