Marathon Digital earned $176 million from Bitcoin mining in the first quarter of 2024, mainly due to their successful mining of 2,811 Bitcoins. Their net profit rose sharply by 184% compared to last year. When Bitcoin prices hit new highs, the company's profits and revenues also rushed to $337.2 million and $165.2 million, respectively, which is much higher than the same period in 2023. Marathon Digital has a big goal of achieving 50 exahash computing power by the end of 2024, and they have recently made some acquisitions to strengthen their strength. It is worth noting that they sold 26% of their Bitcoin to cover operating costs. Although the difficulty of Bitcoin mining has decreased, Marathon Digital's stock price has not fluctuated significantly after the news was released, stabilizing at $19.65.