Largest Bitcoin mining firm sold 63% of mined BTC in May

Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjusted operations after the halving event.

The large volume of BTC sales in May stood out compared to other miners’ figures. Riot Platforms, for instance, disclosed no BTC sales in May, while production reached 215 BTC. Meanwhile, CleanSpark produced 417 BTC last month but sold only a small portion of 2.43 BTC., which cuts rewards for mining BTC in half every 210,000 blocks, or roughly every four years. The last halving took place on April 20, reducing miners’ rewards from 6.25 BTC to 3.125 BTC per mined block.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Michael Saylor Reacts as Bitcoin (BTC) Breaks Above $71,000Vocal Bitcoin proponent Saylor makes BTC prediction as Bitcoin surpasses $71,000 price mark
Source: Utoday_en - 🏆 295. / 63 Read more »

Michael Saylor Celebrates Important Bitcoin Anniversary: DetailsVocal Bitcoin proponent Saylor has published celebratory Bitcoin tweet to recall his personal BTC anniversary
Source: Utoday_en - 🏆 295. / 63 Read more »

Cryptocurrencies Price Prediction: Bitcoin, Ondo & ShibaBitcoin/ U.S. dollar (BTC/USD) trading strategy: Overall, Bitcoin is still in an uptrend.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bitcoin Price Alert: 273,000 BTC Held at Key Bitcoin Supply RangeBitcoin reached highs of $71,980 before encountering resistance
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin just had its best May since 2019 despite 'predatory' 3% BTC price dipBitcoin bulls fail to flip key $69,000 resistance to support into the monthly close amid predatory BTC price moves.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin (BTC) Price Ahead of Big Move, Ripple (XRP) Predictions, and More: Bits Recap May 30Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »