May Milestone: MARA Mines 950 BTC, Achieves All-Time High in Block Production

Marathon Digital Posts Strongest Post-Halving Output with 950 BTC Mined in May

Marathon Digital (NASDAQ: MARA) reported a sharp uptick in mining performance for May, producing 950 BTC — a 35% increase from April and its highest monthly output since Bitcoin’s April 2024 halving.

The miner also recorded its best-ever block production, with 282 blocks mined — a 38% increase month-over-month — showcasing improved efficiency across its self-mining operations.

CEO Fred Thiel credited the performance to Marathon’s proprietary mining pool, noting the company has exceeded expected block rewards by over 10% since launch. “Controlling our own pool has given us a consistent edge,” he said.

The company’s energized hashrate hit 58.3 EH/s, lifting its share of total network rewards to 6.5%. Transaction fees contributed 1.5% of total revenue, with Marathon continuing to hold all mined bitcoin — now totaling 49,179 BTC on the balance sheet.

MARA shares climbed 5.5% on the day as Bitcoin hovered near $106,000.