The largest miner Marathon mined a post-halving record 950 bitcoins in a month

The industry-leading company increased mining volume by 35% for the month

Marathon miner mined a post-halving record 950 BTC in May

04.06.2025 - 14:00

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What’s new? The world's largest miner, the US public company Marathon Digital (MARA) with a capitalization of $5,33 billion, increased its bitcoin mining volume by 35% in May to reach the 950 coin figure. It also updated the record for the number of solved blocks: 282, a 38% increase compared to April.

Press release

What else is known? May’s mining volume was the best result for the company since halving. This is an event programmed into bitcoin’s code that occurs every four years since the blockchain’s launch and halves the reward for mining a block. The fourth halving in April 2024 reduced the reward to 3,125 BTC.

The event had a negative impact on industry companies, which were forced to look for ways to diversify their revenue sources. Some of them, such as Core Scientific, have started leasing computing power to artificial intelligence startups.

Marathon urges the US authorities to quickly increase mining capacity and BTC accumulations

According to the management of the largest mining company, the country’s leadership in these areas is important for maintaining national security

Marathon itself has begun selling excess heat for residential heating and mining KAS tokens to supplement bitcoin.

The company owns and solely operates the MARA Pool mining pool, which allows it to retain 100% of block rewards and outperform the network average block mining probability by more than 10%.

The company’s hashrate rose 30% in May to 58,1 EH/s, approaching a record high.

Solo miner with a 480 GH/s device solved an entire block of Bitcoin blockchain and earned $263 000

Industry participants with such low-powered devices have extremely low chances of single block mining

The increase comes as part of a broader industry trend, as the combined hashrate of market leaders MARA, CleanSpark (CLSK), and Riot (RIOT) grew by 15,5%, pushing Bitcoin network complexity to a new high.

Despite the growing competition and network difficulty, MARA retained all of the coins mined during the month, bringing its total BTC holdings to 49 179.

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