Hashrate growth target to Q3 2023
Company: Marathon Digital
What the later record shows
Delivered; the record does not say when
The FY2023 10-K says operational hashrate exceeded 24.7 EH/s at December 31, 2023, which is above the 23 EH/s target. No passage gives the hashrate at the end of Q3 2023, so on-time delivery cannot be confirmed.
“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 will grow total 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 part of this claim, but not all of it.
The figures and timing match the filing, but the 10-K frames the growth as a primary focus for 2023 rather than a guaranteed outcome.
Confirmed in the source:
- Operational hashrate was 7.0 exahashes per second at year-end 2022
- Marathon set a goal of growing hashrate to over 23 exahashes per second by the third quarter of 2023
We could not confirm this from the cited source:
- That Marathon will definitely reach over 23 exahashes per second by Q3 2023 (the filing presents this as a focus or target, not a certainty)
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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.”