Marathon Mines $15M in Kaspa Tokens

Marathon, a Bitcoin mining company, has expanded its mining operations to include the layer 1 protocol Kaspa in order to increase its revenue.

Kaspa utilizes the GHOSTDAG proof-of-work (PoW) consensus mechanism, which allows for multiple blocks to be produced simultaneously, resulting in faster transactions and increased block rewards for miners.

According to the chief growth officer of Marathon, Adam Swick, mining Kaspa provides diversification from Bitcoin and aligns with the company’s expertise in digital asset computing.

The value of the Kaspa token has increased by almost 50% this year, outpacing Bitcoin’s 44% growth and the broader CoinDesk 20 index’s 16% growth in the same time frame.