Marathon Digital Holdings, a leading US-based Bitcoin mining company, has announced that all Bitcoin blocks mined in the US will now be mined sealed With the “Made in USA” label. The company Advertise In X, “MARA is Team USA, which is proudly stated on every American-made Bitcoin block we mine.”
Urgent: Marathon announces its closing for all #Bitcoin Block it with mines "Made in USA" 🇺🇸 pic.twitter.com/4ZbvChxdVY
— Bitcoin Magazine (@BitcoinMagazine) August 12, 2024
Fred Thiel, CEO of Marathon Digital, emphasized this commitment, statement“Every block mined by MARA Pool in the USA is stamped “Made in USA”. We are the only large-scale mining company that can do this because we manage our own pool and guarantee that all blocks mined by MARA Pool are made in the USA.”
The initiative coincides with comments made earlier this summer by presidential candidate Donald Trump, who Express “Wanting every last Bitcoin to be made in the USA!!!” Trump believes that more Bitcoin mining in the country will help America achieve its goal of becoming an energy powerhouse. He also reiterated his support for domestic Bitcoin mining at the Bitcoin 2024 conference in Nashville, pledging to ensure that American miners have the electricity they need to mine more Bitcoin here in the USA.
Earlier today, Marathon Digital announced a private placement of $250 million in convertible notes, with proceeds intended to buy more bitcoin, in line with MicroStrategy’s corporate bitcoin pooling strategy.