Marathon Digital is now one of the largest Bitcoin mining companies and the biggest Bitcoin holder among publicly traded companies in North America. The company’s business model involves self-operating Bitcoin mining, using purchased mining machines, and deploying mining farms to hold cryptocurrency. This makes its revenue closely linked to Bitcoin prices, risking insolvency during bear markets. By continually buying Bitcoin, Marathon not only strengthens its balance sheet but also creates a safety cushion against future market volatility. This strategy shows its strong belief in Bitcoin's long-term value growth, providing stable income even in downturns. Additionally, mining Kaspa diversifies its revenue stream and enhances its core competitiveness in digital asset computation. Marathon demonstrates its leadership and vision in the mining industry through asset accumulation, technological innovation, ecosystem development, and energy efficiency management.