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US Bitcoin mining company Marathon Digital has been appointed by the Kenyan government as an advisor on cryptocurrencies and mining. The company reported a profit of $337 million in the first quarter of 2024, with a 184% increase in mined Bitcoins compared to the same period last year. Revenues also saw a 223% increase. Marathon Digital plans to expand its capacity with recent acquisitions and aims to reach 50 exahash of energized hash rate by the end of 2024. The company also sold 1 in 4 of the mined Bitcoins for operational costs and has a capital of $1.6 billion, including cash, cash equivalents, and Bitcoin.
