Marathon Digital Holdings (NASDAQ:MARA) released its September and third quarter Bitcoin (BTC-USD) mining update on Friday, which showed significant improvement compared to the previous two months. The company successfully transitioned out of the old facility in Hardin and began operations at new facilities, which helped propel its mining production. Despite that, MARA stock fell 14.4% on Friday, October 7. Notably, Marathon Digital’s mining processes at King Mountain wind farm in Texas are hosted by Compute North, which recently filed for Chapter 11 bankruptcy. Nonetheless, Fred Thiel, Marathon’s chairman, and CEO, noted that Compute North’s current facility at King Mountain is not affected by these proceedings.
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