Crypto mining firm Marathon Digital Holdings produced 702 BTC (currently worth $20 million). That amount, measured in Bitcoin, represents a 134% year-over-year increase but a decrease from March, when Marathon mined a record 825 BTC.

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Crypto-related stocks are seeing a second day of big gains after bitcoin on Monday evening pushed through $30,000 for the first time since June 2022. At press time, it's managed to hold that advance, trading at $30,100.

One of the leading crypto mining firms – Marathon Digital – mined a record 2,195 BTC during the year’s first quarter and increased its holdings to 11,466 bitcoin (equivalent to over $321 million at current prices).

Marathon Digital announced on Monday that it had mined a record 825 bitcoins in March, an increase of 21% from the 683 produced in February. The company's operating fleet consisted of around 105.2K as of April 1, which is capable of producing approximately 11.5 exahashes per second.

Bitcoin miner Marathon Digital's (MARA) CFO Hugh Gallagher plans to retire from his role on May 12, about an year after he was appointed in the role.

The shares of crypto exchange Coinbase (COIN) and several crypto-related stocks were rising Friday as the price of bitcoin surpassed $26,000, up 6% over the last 24 hours.

Marathon Digital said it has access to $142 million in cash deposits held by Signature Bank, which was closed by state regulators on Sunday. 

Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations. Marathon announced on Mar. 8 that it had prepaid its outstanding loan balance earlier that day, and would be terminating the revolving line of credit facility between the firms after providing Silvergate Bank with the required 30-day notice in early February. (Cointelegraph)

This move has resulted in a significant reduction of Marathon's debt, which now stands at $50 million less than before.