Las Vegas, USA - Marathon Digital (MARA) mined 950 Bitcoin (BTC) in May, worth over $101 million. This represents a 35% increase from April and the highest since the Bitcoin halving in April 2024.
The company chose to hold all mined coins, increasing its total reserves to 49,179 BTC. May was also a record month for block production, with 282 blocks won, a 38% increase from April.
MARA, the largest publicly traded Bitcoin miner in the U.S., is venturing into AI infrastructure services and plans to double its mining capacity. The company's first-quarter revenues rose to $214 million, but it reported a net loss of $533 million. MARA recently partnered with Two Prime to allocate upwards of 500 BTC in a managed yield strategy.