Marathon Digital Holdings, a leading U.S.-based Bitcoin mining company, has announced that all Bitcoin blocks mined in America will now be labeled “Made in USA”. The company proudly declared, “MARA is Team USA, with each American-made bitcoin block we mine.”
JUST IN: Marathon announces it’s now stamping each #Bitcoin block it mines with “Made in USA” 🇺🇸 pic.twitter.com/4ZbvChxdVY
— Bitcoin Magazine (@BitcoinMagazine) August 12, 2024
Fred Thiel, CEO of Marathon Digital, reiterated this commitment, stating, “Every block mined by MARA Pool in the USA is proudly marked ‘Made in USA’. We are the only large-scale miner able to do this by running our own pool and ensuring that all blocks mined by MARA Pool are American-made.”
This initiative aligns with comments made by Presidential candidate Donald Trump earlier in the summer, expressing a desire for “all remaining Bitcoin to be MADE IN THE USA!!!” Trump believes that increasing Bitcoin mining in the country will support America’s goal of energy dominance. He reiterated his support for domestic Bitcoin mining at the Bitcoin 2024 Conference in Nashville, pledging to provide American miners with the necessary electricity to mine more Bitcoin in the USA.
Today, Marathon Digital announced a $250 million private offering of convertible notes, with the proceeds intended for purchasing more Bitcoin, following the corporate Bitcoin accumulation strategy pioneered by MicroStrategy.
