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News Explorer — Marathon Digital Bitcoin Production Increased 77% in May

Generated by AI, curated by humans

Jun 2, 6:15 pm

Coindesk

Marathon Digital Bitcoin Production Increased 77% in May

Marathon Digital Holdings (MARA) mined 1,245 bitcoin in May, up 77% from the previous month, due to increased hash rate, transaction fees, and proprietary software. CEO Fred Thiel attributed the majority of the increase to Marathon's software, which gives the miner control over output, uptime, and hash rate. The increase was likely due to Marathon not running its machines at full capacity in April.

Marathon Digital Holdings (MARA) mined 1,245 bitcoin in May, up 77% from the previous month, due to increased hash rate, transaction fees, and proprietary software. CEO Fred Thiel attributed the majority of the increase to Marathon's software, which gives the miner control over output, uptime, and hash rate. The increase was likely due to Marathon not running its machines at full capacity in April.

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