Catenaa, Friday, June 06, 2025-Bitcoin miner Marathon Digital Holdings (MARA) mined 950 BTC in May, worth over $101 million, setting a monthly production record since last year’s halving and increasing its total Bitcoin reserves to 49,179 BTC.
The company chose to hold all newly mined coins, maintaining its position as the second-largest publicly traded Bitcoin treasury.
May’s production marked a 35% increase over April, with MARA winning 282 blocks — a 38% rise — establishing a new monthly high in block production.
Despite this growth, the output remains below MARA’s December 2023 peak of 1,853 BTC mined.
MARA, the largest publicly traded Bitcoin miner in the U.S., carries a market cap of $4.9 billion.
Its stock price rose 5.22% on the day to over $15, although shares are down 12.7% year-to-date. Analysts rate the stock as “outperform,” with predictions of a potential doubling over the next year.
The firm has diversified its business by entering AI infrastructure services and expanding mining capacity.
In March, MARA announced plans to raise up to $2 billion through stock offerings to grow its Bitcoin holdings and mining operations.
First-quarter revenues rose to $214 million, up about $50 million year-over-year, but the company reported a net loss of $533 million.
MARA recently partnered with SEC-registered Bitcoin investment advisor Two Prime to deploy 500 BTC into a managed yield strategy, aiming to generate returns from its cryptocurrency reserves.
