MARA Holdings achieved a record production of 950 Bitcoin in May, marking a 35% increase from April. The company won 282 blocks and increased its hashrate to 58.3 exahash per second during this period. This surge in production coincided with Bitcoin reaching a record high above $112,000, driven by favorable market conditions for risk-on assets. MARA's Bitcoin treasury now holds 49,228 BTC, valued at approximately $5.3 billion, and the company did not sell any Bitcoin in May. In contrast, its rival Riot Platforms reported an 11% increase in production, generating 514 Bitcoin but sold 500 BTC in May. Despite a record pace of Bitcoin accumulation, MARA reported a net loss of $533 million in Q1 2025, as it fell short of Wall Street’s expectations even with a 30% increase in revenue.

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