Marathon Digital Holdings (ticker: MARA), one of the leading Bitcoin mining firms, mined 950 BTC in May—worth over $101 million at current prices—marking its strongest monthly performance since the April 2024 halving.
The company chose to hold all of the mined Bitcoin, raising its total reserves to 49,179 BTC, solidifying its position as the second-largest publicly traded Bitcoin treasury.
Block Production Reaches All-Time High
May also delivered a milestone in mining activity for Marathon, with the company winning 282 blocks, a new monthly record. This represents a 38% increase in block wins compared to April and a 35% month-over-month gain in BTC production.
While still below MARA’s peak of 1,853 BTC mined in December 2023, May’s performance marks the firm’s best result since the 2024 halving, which cut block rewards in half and forced miners to adapt their strategies.
Post-Halving Strategy: Expansion and AI Infrastructure
In response to the halving’s impact on revenue, Marathon has increasingly diversified into AI infrastructure services and has accelerated plans to expand mining capacity. In March, the firm announced it would raise up to $2 billion via stock offerings to grow its Bitcoin holdings and invest in mining upgrades.
This dual strategy—expanding mining operations while leveraging AI infrastructure—aims to keep Marathon competitive in a post-halving landscape where efficiency and diversification are critical.
With momentum building again in its core mining operations, Marathon appears well-positioned to capitalize on the next wave of institutional Bitcoin adoption.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/mara-mines-950-btc-in-may-hits-record-block-count-post-halving/