Marathon Digital Holdings Makes On-Chain Data Available via Arkham

Marathon Digital Holdings (NASDAQ: MARA), the largest public Bitcoin mining company with a market capitalization of $4.93 billion, has taken a significant step towards transparency. The company has partnered with Arkham Intelligence to provide on-chain data visibility, allowing traders and stakeholders to access real-time data regarding its Bitcoin mining operations, according to Arkham Intelligence.

Enhanced Transparency for Stakeholders

Previously, investors and market participants had to rely on quarterly earnings reports to verify the amount of Bitcoin mined by Marathon. This new development allows them to track the company's Bitcoin holdings directly on-chain. Arkham Intelligence has identified a comprehensive list of Marathon's wallets, which collectively hold over $1.1 billion worth of Bitcoin across 23 unique addresses.

In 2023, Marathon mined 12,850 Bitcoin, generating $387.5 million in revenue. This move towards transparency is expected to bolster investor confidence and provide a clearer picture of the company's operational scale and financial health.

Arkham's Role in the Blockchain Space

Arkham Intelligence is known for its blockchain analytics and intelligence services, providing stakeholders with valuable insights into various crypto entities. By partnering with Marathon, Arkham reinforces its position as a pivotal player in the blockchain analytics domain, offering real-time data that enhances market transparency.

Market participants can now track Marathon's mining pool through Arkham's platform, providing them with up-to-date information on the company's Bitcoin production and holdings. This initiative underscores the growing trend of blockchain companies leveraging on-chain data to improve transparency and trust within the crypto ecosystem.

For more information, visit the official announcement on Arkham Intelligence.