🇺🇸 CEO MARATHON FRED THIEL SAYS THE COMPANY IS NOT AFFECTED BY MARKET FLUCTUATIONS BUT ALSO TAKES THE OPPORTUNITY TO BUY MORE BTC
🔹 CEO Fred Thiel said the October 10 leverage collapse barely impacted Marathon's revenue, as the company only used a low-risk hedging strategy and also took advantage of buying more Bitcoin when the price fell.
🔹 Marathon generates profits by lending Bitcoin to reputable partners, avoiding the use of high-risk Derivative or Futures Contract .
🔹 Thiel asserts that Marathon is a Bitcoin mining company, not a digital asset holding fund, and will continue to hold Bitcoin long-term.
🔹 The company is expanding into AI and energy, building three gas-fired power plants with a total capacity of 1.5 gigawatts to serve both Bitcoin mining and AI data centers.
🔹 Marathon's first AI inference site has been running in parallel with Bitcoin mining, helping to optimize costs and improve operational efficiency.