Bitcoin's impressive rise above $107,000 coincides with substantial institutional buying, creating a significant supply-demand imbalance as miners report their May production results.• Marathon leads May production with 950 Bitcoin mined ($99.6 million revenue)• Top six miners all within 1% of each other on Bitcoin-per-exahash metric• CleanSpark approaching 50 exahash target with 45.6 exahash now energized• Hive Digital has nearly doubled hash rate since January• IREN maintains industry-leading efficiency at 15 joules per terahash• Strategy and MetaPlanet continue aggressive Bitcoin acquisition• Marathon approaching 50,000 BTC treasury milestone• Six miners produced nearly identical Bitcoin per exahash in May• Miners adopting varied Bitcoin selling strategies with price above $100,000• Fleet efficiency continuing to improve across the sector• New mining machines coming with sub-10 joules per terahash efficiencyTake a second to hit the like button and subscribe to McNally Money. Let us know in the comments who you think won the month of May and your top pick in the mining sector!Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
