Marathon Digital Reports a 21% Increase in BTC Production in April

NASDAQ-listed mining company Marathon Digital reported a 21% year-on-year increase in Bitcoin (BTC) production in April, according to Foresight News. The company produced a total of 850 BTC and sold 600 BTC to support monthly operations, manage finances, and general corporate purposes.

As of April 30, Marathon Digital held 17,631 BTC. The total balance of unrestricted cash and cash equivalents, including Bitcoin, dropped from $1.5634 billion to $1.2141 billion. The company's financial performance shows significant participation in Bitcoin mining and trading, reflecting the growing trend of digital currency adoption among businesses.$BTC ytd