2023 hashrate expansion target
Company: Marathon Digital
What the later record shows
Delivered; the record does not say when
The 10-K reports operational hash rate above 24.7 EH/s as of December 31, 2023, so the 23 EH/s target was reached. No passage gives the figure at the end of Q3 2023, so on-time status 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 aims to grow total operational hashrate from 7.0 exahashes per second at end of 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: “Our primary focus in 2023 will be the realization of the full energization of our fleet of nearly 200,000 bitcoin mining rigs and 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's strategic focus section states the goal of growing operational hashrate from 7.0 EH/s at year-end 2022 to over 23 EH/s by Q3 2023.
Confirmed in the source:
- Marathon's total operational hashrate was 7.0 exahashes per second at year-end 2022
- Marathon's stated 2023 focus includes growing operational hashrate to 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: “Our primary focus in 2023 will be the realization of the full energization of our fleet of nearly 200,000 bitcoin mining rigs and 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.”