MARA Hits Record-High Bitcoin Production in May
Summary
MARA Holdings set a new monthly record in May by producing 950 Bitcoin, a 35% increase from April. The company won 282 blocks, a 38% month-over-month increase, and increased its energized hashrate to 58.3 exahash per second. This surge coincided with Bitcoin reaching a record high above $112,000. MARA's Bitcoin treasury now totals 49,228 BTC, valued at approximately $5.3 billion, with no Bitcoin sold in May. The company's market capitalization matches its Bitcoin holdings. MARA's stock rose 5.6% to $15.15 following the news. In contrast, Riot Platforms produced 514 Bitcoin in May, an 11% increase, but sold 500 Bitcoin during the same period. Riot also announced the acquisition of additional land for data center development.
