Marathon Digital revises its 2024 hash rate target to 50 EH/s, leveraging recent acquisitions. ZkSNACKs discontinues services for U.S. customers. Movement Labs secures $38M for blockchain projects.

Marathon Digital Holdings, a prominent player in the industry, witnessed a significant increase in Bitcoin production during the month of May. This surge, which saw Marathon mining 1245 Bitcoin coins, represents an impressive 77% increase compared to the previous month. The driving factors behind...