Marathon Digital mines $16M in Kaspa to diversify from Bitcoin. Marathon is looking to “capitalize on higher margins” possible with Kaspa mining — but one executive stressed the firm is in no way “pivoting” from its main focus, Bitcoin.Bitcoin mining heavyweight Marathon Digital revealed it has mined $16 million worth of Kaspa (KAS) — a token designed to address Bitcoin’s scalability problem — since September to diversify from Bitcoin.In a June 26 announcement, Marathon Digital said the move allowed the firm to “capitalize on the higher margins” possible with Kaspa mining machines, which are up to 95% in some cases.“By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin,” explained Marathon’s chief growth officer, Adam Swick.“Marathon was uniquely positioned to mine Kaspa and to capitalize on the higher margins that exist for those who can deploy Kaspa ASICs today.”
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