According to a report by Cointelegraph, since the end of April, mining company Marathon Digital has sold over 60% of all the Bitcoin it mined. In May, the company sold 390 BTC, which accounted for over 63% of the 616 BTC produced that month. Marathon’s cash and cash equivalents balance is $290.4 million, with the company having $290.4 million in cash and cash equivalents on its balance sheet as of the end of May.
Riot Platforms revealed that there were no BTC sales in May, with a production of 215 BTC. Meanwhile, CleanSpark produced 417 BTC last month but only sold 2.43 BTC.
