2023 hashrate growth guidance
Company: Marathon Digital
What the later record shows
Delivered; the record does not say when
Hashrate was more than 24.7 EH/s at December 31, 2023, exceeding the 23 EH/s target. No passage states the hashrate at the end of Q3 2023, so it is unclear whether the target was met by the promised date.
“Our operational hash rate was 7.0 exahashes per second as of December 31, 2022 and was more than 24.7 exahashes per second as of December 31, 2023.”
2024-02-27 · Marathon Digital 10-K filed 2024-02-28 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company expects to grow operational hashrate from 7.0 exahashes per second at year-end 2022 to over 23 exahashes per second by third quarter 2023
Source (primary)
Marathon Digital 10-K filed 2023-03-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “growing our total operational hashrate from 7.0 exahashes per second at year end 2022 to over 23 exahashes per second by the third quarter of 2023”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K presents growing hashrate from 7.0 EH/s to over 23 EH/s by Q3 2023 as a primary 2023 focus, which matches the claim's framing as an expectation.
Confirmed in the source:
- Marathon expects to grow operational hashrate in 2023
- Operational hashrate was 7.0 exahashes per second at year-end 2022
- The target is over 23 exahashes per second by the third quarter of 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315223007879/form10-k.htm) in full (445,884 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 10-K filed 2023-03-16
Quote: “growing our total operational hashrate from 7.0 exahashes per second at year end 2022 to over 23 exahashes per second by the third quarter of 2023”
confirms Marathon Digital 10-K filed 2024-02-28
Quote: “Our operational hash rate was 7.0 exahashes per second as of December 31, 2022 and was more than 24.7 exahashes per second as of December 31, 2023.”