Bitcoin mining company Marathon Digital last month Generated $35 million worth of BTC.
The crypto market is starting to recover and bitcoin The increase in activity in the network has also positively affected Bitcoin mining revenues. Especially bitcoinOrdinals managed to put a smile on the face of the miners.
Increasing compared to last year bitcoin mining revenue also pulled companies out of the tough times. One of the largest Bitcoin mining companies in the USA. marathon digitalrecord high last month BTCtook it out.
Marathon Digital Generated 1,245 BTC in May
Bitcoin mining company marathon digital, last month, compared to the previous month 77 percentmore BTC produced. The company in May mined 1,245 BTC . The average value of these BTCs is approx. 35 million dollarsaround.
marathonCEO of Digital Fred Thielmade an assessment of the situation. Thiel, said:
The increased production was due to the increased hash rate and the significant increase in transaction fees, which accounted for about 11.8 percent of the total Bitcoin we earned last month. The emergence of the rankings significantly increased transaction fees in May, and these fees were high enough in some cases to exceed the 6.25 BTC block reward.
According to the balance sheet report shared by the company, Marathon’s average daily production was in May. It was 40.2 BTC . The US company increased its daily production compared to the previous month. increased by 72 percent.
last month, marathonabout the 5,500 Bitcoins new energy was allocated to the miner. Moreover marathon, Bitcoin Corecontinued its financial moves to support its developers.
steadily gaining momentum in the mining industry marathonshare value of today NASDAQin 2 percentis trading on the rise.
$MARA's May Production Update is here:
– Produced a Record 1,245 BTC in May 2023 and 4,141 BTC Year-To-Date
– Increased Operational Hash Rate 9% to 15.2 EH/s and Installed Hash Rate 13% to 20.1 EH/s in May 2023
– Raised nearly $800,000 for #Bitcoin Core Developers in… pic.twitter.com/DrRR9R8N4X— Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) June 2, 2023
