MARA mines “Trump 47” block to honor first Bitcoin president
Publicly traded Bitcoin mining company Marathon Digital Holdings announced the mining of a “Trump 47” block to honor Donald Trump as the first “Bitcoin President” of the United States.
MARA said in a statement on January 17, the visual marker now resides on Bitcoin (BTC) blockchain, a few days before the inauguration of President-elect Donald Trump on January 20.
In addition to integrating an AI-generated image of Trump into the block, MARA also included the Bill of Rights and the U.S. Constitution. This move permanently preserves these images on the Bitcoin network, the BTC miner noted.
Fred Thiel, President and CEO of MARA confirmed mining the “Trump 47” block via X.
Marathon Digital used its proprietary mining pool to mine the historic block, a move in line with Trump’s vision of American leadership in Bitcoin mining.
“By owning our own mining pool, we are contributing to the US block space, reaffirming US leadership on the frontier of Bitcoin development,” the company wrote.
Trump’s pro-crypto stance gained momentum ahead of the 2024 US elections, with the then-Republican candidate. to assist the Bitcoin 2024 conference. He also met with Bitcoin mining companies in the United States and since his victory, he has taken a continued pro-crypto perspective.
This includes decisions to appoint pro-crypto individuals to key government agencies such as the U.S. Securities and Exchange Commission. The Trump team choice for the SEC chair is Paul Atkins, who could supervise planned crypto overhaul. Meanwhile, former PayPal exec David Sacks is set to lead the White House “crypto czar” position.
Trump also pledged to support a strategic Bitcoin reserve, with Marathon Digital drafting a open letter urging the United States to make it a reality.
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