Miners reported a decline in #Bitcoin production in April.

In early May, #mining companies reported on their performance for the past month. ForkLog gathered the key indicators in one material.

Marathon Digital Holdings

In April, Marathon Digital Holdings mined 850 BTC, which is 21% more than the same period last year. However, compared to March, the figure decreased by 5%.

According to the press release, the hash rate increased by 8% to a record 29.9 EH/s. The average operational figure for the past month increased by 15% to 21.1 EH/s.

"During April, we successfully connected miners to the network by approximately 2 EH/s at various locations [...]. Although the #halving will lead to a reduction in Bitcoin production for everyone, we are accelerating our growth plans to mitigate this impact," said company CEO Fred Thiel.

As of April 30, 2024, Marathon held 17,631 $BTC on its balance sheet. The company sold 600 #BTC and confirmed its intention to monetize a portion of its digital gold assets in the future "to support monthly operations, treasury management, and general corporate purposes."