Marathon Digital Launches Kaspa Mining Operation, Mining Approximately $15 Million in KAS Tokens

Cryptocurrency mining company Marathon Digital (MARA) has announced the launch of Kaspa mining operations. Kaspa is an open-source, decentralized, and fully scalable Layer-1 protocol that uses proof-of-work as its consensus mechanism. Unlike Bitcoin, Kaspa uses BlockDAG (Directed Acyclic Graph) and can generate multiple blocks simultaneously. As of June 25, 2024, Marathon has mined 93 million KAS, currently worth about $15 million.