According to Foresight News, Marathon Digital, a mining company listed on NASDAQ, reported a 21% year-on-year increase in Bitcoin (BTC) production in April. The company produced a total of 850 BTC and sold 600 BTC to support monthly operations, manage finances, and for general corporate purposes.
As of April 30, Marathon Digital held 17,631 BTC. The total balance of unrestricted cash and cash equivalents along with Bitcoin dropped from $1.5634 billion to $1.2141 billion. The company's financial performance indicates a significant involvement in Bitcoin mining and trading, reflecting the growing trend of digital currency adoption among businesses.
