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MARA Holdings achieved a record-breaking 950 Bitcoin production in May, marking a 35% increase from April. Meanwhile, competitor Riot Platforms saw an 11% rise but sold 500 BTC during the same period.
- MARA Holdings' Bitcoin production surged 35% to 950 BTC in May, driven by a 38% increase in blocks won and a hashrate of 58.3 EH/s.
- The company's Bitcoin holdings now match its $5.3 billion market cap, reflecting investor confidence amid a broader crypto market upturn.
- Riot Platforms reported an 11% production increase to 514 BTC but sold 500 BTC, while MARA retained its entire May output.
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