Marathon Digital broke its own record by mining 1,853 bitcoins in December.

Bitcoin miner Marathon Digital Holdings set itself a new production record in December 2023 by mining more Bitcoin (BTC) than any other month.

According to a Jan. 4 press release, the Florida-based firm said it mined 1,853 bitcoins in December, a 56 percent increase from November and a 290 percent increase from December 2022:

“We believe this is the highest monthly total ever recorded by a public Bitcoin mining company.”

Core Scientific previously said it had mined its monthly bitcoin after producing 1,527 BTC in January 2023. Marathon's latest figure is over 300 BTC.

Marathon Digital Holdings December 2023 #Bitcoin Product Update is here:

– BTC to record 1,853 BTC production in December and 12,852 in 2023 – Average operational hash rate up 18% M/M to 22.4 EH/s – BTC Holdings now over 15,000, total cash and BTC at $1.0B to…

— Marathon Digital Holdings (NASDAQ: MARA ) (@MarthonDH) January 4, 2024

According to Marathon Chairman and CEO Fred Thiel, the record monthly production was 22.4 exhashes per second with an 18.4% monthly hash rate increase.

On December 19, Marathon announced plans to buy two mining centers for $179 million.

We continue to plan for 30% growth through 2024 with a consolidated hash rate and will continue to acquire the two sites from Generate Capital soon. […] We expect to reach 50 exahashes in the next 18 to 24 months,” Thiel added.

Related: Sipper Mining Hires 16,700 New Miners Before Bitcoin Halves

On December 28, Marathon briefly topped the charts as the most traded public company among mid- and large-cap companies on the US stock market. The company saw a staggering $3.3 billion in daily trading volume, beating out blue-chip market darlings like Tesla, Apple and Amazon on the day.

The marathon December performance comes amid a renewed push by bitcoin mining companies to expand operations ahead of the expected approval of the spot bitcoin exchange-traded fund on January 8 and April halving of bitcoin.

On December 5, rival mining company Riot Platforms acquired an additional $291 million worth of Bitcoin mining equipment, marking the largest increase in hashrate in the company's history.

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