Marathon Mines “Clean” Bitcoin Block

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Marathon Digital Holdings, one of the largest enterprise Bitcoin self-mining companies in North America, has successfully mined its first “clean” block.

In late March, the company announced that it would be launching the first North American Bitcoin mining pool fully compliant with U.S. regulations, including anti-money laundering (AML) and Office of Foreign Assets Control (OFAC’s) standards.

“While institutional interest in Bitcoin is accelerating, many large funds and corporations have expressed concerns over purchasing bitcoin that may have been tainted by nefarious actors,” said Merrick Okamoto, Marathon’s chairman and CEO, in the announcement.

Marathon mined its first “clean” block five days after the company began directing 100% of its 10.37 exa hash per second (EH/S) hash rate to the “compliant” mining pool. In the announcement, the firm shared that it expects to entirely switch to the new pool by the first quarter of 2022 and will start accepting other U.S.-based Bitcoin mining companies to join the pool on June 1, 2021.

Marathon can filter transactions using an exclusively-licensed technology from DMG Blockchain. As such, the pool refrains from processing Bitcoin transactions from people listed on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN).


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