Marathon Digital Sees Post-Halving Boost with 950 BTC Mined in May, Operational Metrics Climb
Marathon Digital (MARA) reported mining 950 bitcoin in May — its highest monthly total since the April halving — reflecting a 35% increase from April’s production. The company also mined 282 blocks, a 38% increase, underscoring improved consistency and execution across its mining fleet.
CEO Fred Thiel attributed the gains to Marathon’s proprietary mining pool, which continues to outperform network averages. “We’ve consistently exceeded expected block rewards, averaging 10% above network luck since inception,” Thiel said.
The company’s energized hashrate rose to 58.3 EH/s, increasing Marathon’s share of global bitcoin production to 6.5%, up from 5.1% in April. Transaction fees contributed 1.5% of total BTC revenue, a modest uptick reflecting steady demand for block space.
Marathon ended the month holding 49,179 BTC, maintaining a long-term accumulation strategy by not selling any bitcoin in May.
The update lifted MARA shares by over 5% Tuesday, coinciding with bitcoin’s recovery above the $106,000 level.
