Marathon Digital Holdings Inc., a leading Bitcoin miner, has made a bold statement by labeling every block mined by its MARA Pool as ‘Made in USA.’ CEO Fred Thiel announced this initiative on Monday, emphasizing the company’s commitment to American Bitcoin mining. He stated that Marathon Digital is the only large-scale mining company capable of implementing this labeling, due to its operation of its own mining pool.
This move comes on the heels of former President Donald Trump’s vocal support for Bitcoin mining in the U.S., advocating for mining all remaining Bitcoins within the country. Trump even met with executives from prominent U.S.-based Bitcoin mining companies, including CleanSpark Inc. and Riot Platforms Inc., at his Mar-a-Lago resort.
However, this push for U.S. dominance in Bitcoin mining faces increasing global competition. Nations previously hesitant about cryptocurrency mining are now embracing its potential, such as Russia, which recently legalized cryptocurrency mining.
Marathon Digital’s initiative to label its blocks ‘Made in USA’ is a strategic move to solidify its position in the U.S. Bitcoin mining landscape. It demonstrates a commitment to American mining and could potentially attract investors seeking exposure to U.S.-based Bitcoin mining operations.
At the time of writing, Bitcoin was trading just below $59,074.96, up 0.47%. Shares of Marathon Digital were trading 0.73% higher pre-market.
