MARA Holdings, formerly Marathon Digital, achieved a record in Bitcoin production in May, generating 950 Bitcoin, with a surge of 35% compared to April. This milestone is set in the context of growth in the cryptocurrency market, driven by a Bitcoin price over 112,000 dollars, a value never recorded before.
MARA Holdings: record Bitcoin production and rising mining power
In the month of May alone, MARA Holdings won 282 transaction blocks, a figure that marks an increase of 38% compared to April. The company’s mining power reached 58.3 exahash per second, which means 58.3 quintillion computational attempts every second. This technical improvement allowed for the processing of a greater number of blocks, thus increasing the total production of Bitcoin.
The mining process involves solving complex mathematical problems to validate transactions on the Bitcoin network. Being the first to find the correct solution means “winning a block” and receiving a reward in Bitcoin. The efficiency and the number of calculations a miner can perform in a second are measured in exahash, a unit that indicates a quintillion attempts per second. Thanks to the increase in its mining power, MARA has significantly improved its ability to find blocks and accumulate Bitcoin.
Bitcoin price drives market growth
The production record of MARA coincides with a period of significant appreciation of Bitcoin, which reached a historical high of over 112,000 dollars. After the growth, the price of Bitcoin stabilized above 106,000 dollars, recording an increase of 2% in the last 24 hours. This rise has favored a positive market environment, particularly favorable to risk assets such as cryptocurrencies.
The rise in the price of Bitcoin has a dual significance: on one hand, it supports the valuation of the BTC treasury of mining companies, on the other, it attracts new investments in the sector. In this context, MARA Holdings has capitalized on the situation by strengthening its Bitcoin portfolio without selling any units during May.
Fortune in reward and corporate strategy
Fred Thiel, CEO of MARA, emphasized that the increase in production is not only due to the increase in mining power, but also to a certain “luck” in block rewards, which is when the network rewards miners for being the first to solve mathematical problems. This combination of technological power and good fortune has pushed monthly production to levels never seen before in the company’s history.
The company now has a treasure of 49,228 Bitcoin, which at the current value corresponds to approximately 5.3 billion dollars. This asset positions MARA among the leading mining entities in the world for the quantity of Bitcoin held, confirming its importance in the cryptocurrency landscape.
Financial performance: revenue growth, but losses still high
Despite the solid growth in production and accumulation of Bitcoin, MARA Holdings reported a net loss of 533 million dollars in the first quarter of 2024. On the positive side, the company recorded a 30% increase in revenues, rising to 214 million dollars, and a jump of 174% in its essential Bitcoin holdings compared to the same period of the previous year.
This financial dynamic highlights the difficult balance that mining companies must maintain between heavy investments in infrastructure and mining equipment, Bitcoin price volatility, and operating costs. However, the valuation of the Bitcoin portfolio, which now is almost equivalent to the company’s market capitalization, suggests a solid potential for the future.
MARA Holdings: one of the largest Bitcoin mining companies in the world
With the quantity of Bitcoin held and with a significant increase in mining capacity, MARA Holdings establishes itself as one of the most influential entities in the global mining sector. Its strategy of not liquidating Bitcoin during a bull period of price growth underscores the long-term vision and confidence in the strength of the asset.
Le aziende di tesoreria Bitcoin comprano e detengono.
La strategia twin turbo di MARA compra, produce e compone.
Detenzioni in aumento del +174% in soli cinque trimestri. pic.twitter.com/o0ORfmwb9n
— MARA (@MARAHoldings) 27 maggio 2025
The record growth of MARA implies an increase in competition in the mining sector, also pushing other companies to rapidly expand their computational power. Furthermore, the continuous increase in the price of Bitcoin creates a virtuous circle: more earnings derive from mining, more the company can invest in new hardware, to the advantage of future production.
This scenario suggests new opportunities for investors and operators interested in the world of cryptocurrencies, where the role of miners remains central to the security and stability of the Bitcoin network.
The role of mining in the Bitcoin ecosystem
In summary, mining represents the backbone of the Bitcoin network. Without the ability to validate transactions and maintain the decentralized network, Bitcoin would lose its reliability. MARA Holdings has demonstrated how technological investments and careful portfolio management can transform Bitcoin production into a strategic asset of value.
Closely following the evolution of MARA and Bitcoin mining therefore appears essential to understand the trend of the cryptocurrency market in the coming months. The constant increase in production and the appreciation of the price of Bitcoin could mark an important consolidation phase for this financial asset in the global landscape.
