Why BTC Miner Marathon Digital Diversifying Operations
Marathon Digital Holdings Inc. (NASDAQ: MARA), a digital asset technology company, recently announced its decision to begin mining Kaspa (KAS), a promising proof-of-work (PoW) digital asset. According to the company, this decision is not based on a whim but on a calculated analysis of potential profitability. Kaspa is not just a cryptocurrency — as of June 2024, it became the fifth largest PoW digital asset by market cap, owning a valuation of $3.9 billion. Unlike other crypto, Kapsa has an innovative BlockDAG technology that processes multiple blocks simultaneously. This, in turn, ensures users enjoy faster transactions and more frequent block rewards.…
