Marathon Digital Holdings Mines “Trump 47” Block to Honor US President

Marathon Digital Holdings, a publicly-traded Bitcoin mining company, has successfully mined a unique “Trump 47” block in honor of the United States’ first “Bitcoin president,” Donald Trump.

The block, which includes an AI-generated image of Trump, the Bill of Rights, and the U.S. Constitution, permanently preserves these images on the Bitcoin network. This milestone was achieved just days before Trump’s inauguration on January 20.

Preserving American Values on the Blockchain

Marathon Digital Holdings used its proprietary mining pool to mine the historic block, aligning with Trump’s vision of U.S. leadership in the Bitcoin mining sector. According to the company, owning their mining pool contributes to American blockspace, reaffirming the USA’s leadership in Bitcoin development.

“By owning our own mining pool, we contribute to American blockspace, reaffirming the USA’s leadership in the frontier of Bitcoin development.”

Trump’s Pro-Crypto Stance gained momentum ahead of the 2024 U.S. election, as he attended the Bitcoin 2024 Conference and met with Bitcoin mining companies in the U.S. Since his victory, Trump has maintained a crypto-friendly outlook, nominating pro-crypto individuals to key government agencies.

Key Developments in the US Crypto Space

Some notable developments in the US crypto space under Trump’s administration include:

  • Nominating Paul Atkins, a pro-crypto individual, as the chair of the US Securities and Exchange Commission.
  • Appointing former PayPal exec David Sacks as the White House’s “crypto czar.”
  • Pledging to support a strategic Bitcoin reserve, with Marathon Digital advocating for this initiative.

Stay updated on the latest news and developments in the world of cryptocurrencies on Global Crypto News.

Post Views: 0