The Bitcoin miner formerly known as Marathon Digital (ticker MARA) mined 950 BTC, worth over $101 million, in May, according to an announcement on Tuesday. The firm chose to hold all of these coins, bringing its total Bitcoin reserves to 49,179 BTC, a sizable addition to the second-largest publicly traded Bitcoin treasury.
The return represents a 35% increase from April. May was also a record-breaking month for MARA in terms of block production, with 282 blocks won, a 38% increase over April and a new monthly high.
MARA is one of many Bitcoin firms that has ventured into AI infrastructure services to diversify its business, particularly following the 2024 Bitcoin halving that slashed mining revenues, though the firm has also made notable investments in an attempt to double its mining capacity. In March, MARA said it would sell up to $2 billion in stock offerings to expand its Bitcoin holdings, including through investing in its mining operations.
The 950 BTC mined is the highest for MARA since that halving in April 2024, though still a far cry from its record 1,853 BTC mined in December 2023.
MARA is the largest publicly traded Bitcoin miner in the U.S. with a market capitalization of $4.9 billion, according to The Block’s MARA price data. The stock is currently trading over $15, up 5.22% on the day. Some analysts place the stock in an “outperform” status, predicting it could more than double over the next year. That said, MARA is down 12.7% year-to-date.
MARA’s first-quarter revenues rose to $214 million, up about $50 million from the previous year. However, it registered a net loss of $533 million, The Block previously reported.
The miner recently partnered with SEC-registered Bitcoin investment advisor Two Prime to allocate upwards of 500 BTC in a managed yield strategy to earn yield on its sizable cryptocurrency holdings.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
