MARA Produces 950 BTC Record, Holds 49,000 BTC Treasury

Marathon Digital Holdings (MARA), one of the largest U.S. Bitcoin miners, reported record-breaking production in May 2025, mining 950 BTC—a 35% increase from April—and winning 282 Bitcoin blocks, a 38% rise from the previous month. The company credited its vertically integrated technology stack and proprietary MARA Pool, which avoids third-party fees and has outperformed the Bitcoin network average by over 10% in block rewards, for its strong operational performance. Marathon’s total Bitcoin holdings surpassed 49,000 BTC, as the firm chose to hold all mined coins rather than sell them, reinforcing its long-term accumulation strategy. Its realized hashrate reached 58.3 exahashes per second, and its share of total miner rewards increased to 6.5%, with transaction fees contributing 1.5% of rewards. Analysts maintain a Moderate Buy consensus on MARA stock, reflecting optimism about the company’s growth potential despite recent market volatility. Marathon’s integrated business model and operational control position it as a leading player in the Bitcoin mining sector amid challenging post-halving conditions.