Marathon Digital Sets New Record with 1,245 Bitcoin Mined in May 2023

The surge in production is attributed to a significant rise in transaction fees. Meanwhile, the company’s operational hash rate increased by 9% to 15.2 exahashes in May, and the installed hash rate also rose by 13% to 20.1 exahashes.

In collaboration with Brink, Marathon raised nearly $800,000 to support Bitcoin Core developers. The company contributed $500,000 to this initiative. The campaign aims to raise $1 million in total.

As of May 31, Marathon holds 12,259 unrestricted Bitcoin, valued at approximately $333.7 million. The company also reported unrestricted cash and cash equivalents of $97.3 million. Marathon plans to sell a portion of its Bitcoin holdings to support operations.

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