U.S. Bitcoin Miner Marathon Digital brands all Bitcoin blocks it mines in the US with a “Made in USA” label.
“MARA is Team USA, proudly declared in each American-made bitcoin block we mine,”
the compamy wrote in a recent post on X.
MARA is Team USA, proudly declared in each American-made bitcoin block we mine. #MadeInUSA pic.twitter.com/4mFljYfoMi
— MARA (@MarathonDH) August 12, 2024
Marathon Digital stamps Bitcoin with a “Made in USA” label. Source: MARA/X
Fred Thiel, the company’s CEO confirmed this in another post, stating that each block produced by the company’s MARA Pool in the United States carries the “Made in USA” stamp.
Thiel noted that Marathon is uniquely positioned to implement this labeling.
“We are the only large-scale miner capable of doing this because we operate our own pool and guarantee that all blocks mined by MARA Pool are ‘Made in USA,'”
he wrote.
According to Thiel, the company is committed to promoting its American mining operations and reinforcing national pride in its Bitcoin production.
Notably, data from mempool.space confirms that indeed all Bitcoin blocks mined by Marathon’s MARA Pool are already bearing the “Made in USA” stamp.
This revelation coincides with U.S. Presidential hopeful Donald Trump’s recent call for all remaining Bitcoin to be mined domestically. He noted that this move could enhance the country’s energy dominance.
Trump also reiterated his support for domestic crypto mining at the Bitcoin 2024 Conference in Nashville, pledging that American Bitcoin miners would receive the necessary electricity to support their energy-intensive operations.
Meanwhile, the miner recently announced plans to raise $250 million through a private offering of convertible senior notes, set to mature in 2031. The funds will be used for increasing Bitcoin holdings, strategic acquisitions, asset expansion, and debt repayment. Notably, the offering is restricted to qualified institutional buyers in the US.
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