Mining company Marathon Digital Holdings mined a total of 1,245 Bitcoins in May, which is 77% more than in April and more than half the figure for the entire first quarter.
According to Fred Thiel, the company's CEO, this is due to increased hashrate and transaction fees.
The popularity of Ordinals and BRC-20 tokens has resulted in the value of fees exceeding the 6.25 BTC block reward in some cases. As a result, the share of fees in the total volume of bitcoins received by the company in the month reached 11.8%.
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The company increased its operating hashrate by 9% to 15.2 EH/s in May, whereas the installed computing power was 20.1 EH/s.
The company continued last month with the relocation and connection of new devices at companies in North Dakota (USA). At the end of May, Marathon's fleet amounted to around 133,600 ASIC miners.
After the commissioning of all purchased devices, Antminer S19 XP is expected to generate about 66% of the company's hashrate.
Marathon sold 5.54 BTC last month, while the company's crypto reserves reached 12,259 BTC.