Marathon Digital

The company posted a quarterly record $127 million impairment on its bitcoin holdings

Traders and fund managers are selecting which bitcoin mining stocks they think will survive the bear market

Hut 8 has no intention of selling its bitcoins, though other miners are offloading the asset to cover operations and fund expansions

PayPal brought aboard specialists to establish a crypto advisory council

The overall bitcoin hashrate hit an all-time high of 208 million terahashes per second on Jan. 1

The stock prices of Marathon Digital and Hut 8 Mining have each increased by about 250% in the last 12 months

Companies expand footprints through acquisitions, partnerships.

Marathon is one of the largest publicly-traded bitcoin miners in the US and has approximately 133,120 miners.

Colorado-based company produced 406 BTC in September, bringing the total it holds to 3,534

With the new purchase, the company’s total miners will increase about 30% to approximately 133,000 bitcoin miners, producing 13.3 EH/s, said Fred Thiel, Marathon Digital’s CEO.