Marathon Digital Introduces Direct Bitcoin Transaction Submission Service

Marathon Digital Holdings, a company based in Las Vegas, Nevada, has recently introduced a new Bitcoin transaction submission service called “Slipstream.” This service aims to facilitate and speed up large and complex Bitcoin transactions. Typically, these transactions face delays while simpler ones are processed. This can be frustrating for frequent traders and those dealing with large amounts of Bitcoin. Marathon Digital’s Slipstream service solves this issue by offering a simple, transparent, and trustworthy means of adding complex transactions to the blockchain.

Marathon Digital is one of the world’s largest and most active Bitcoin miners. In December 2023, the company achieved a record by mining 1,853 bitcoins. In total, they mined 12,852 bitcoins throughout the year, equivalent to over half a billion dollars. The company’s scale, mining pool, and technological expertise enable them to provide such services.

The next Bitcoin halving is expected to take place in April. This event, which occurs approximately every four years, reduces the mining rewards by half. While many analysts predict a price increase for Bitcoin following the halving, there is uncertainty about its impact on miners. Mining rewards will decrease from 6.25 BTC to 3.125 BTC per block, potentially influencing miners’ profitability.

Historically, previous halvings have led to a rebalancing in the mining field, with some miners shifting their focus to other cryptocurrencies. Marathon Digital holds a significant amount of Bitcoin, with over 15,000 BTC in their war chest, valued at over $1 billion. Although some analysts believe that their U.S. competitor, Riot Platforms, may have a better long-term position, Marathon Digital has taken an early lead leading up to April.