MARA Holdings Produces 950 BTC in May, Setting New Block Record
Bitcoin miner MARA Holdings (MARA) produced 950 BTC in May, a 35% increase from April and its highest output since the Bitcoin halving in April 2024. Key points include:
- New internal record of blocks won at 282, up 38% from April
- CEO Fred Thiel credited gains to a vertically integrated tech stack and self-owned MARA Pool, which has outperformed the Bitcoin network average by over 10%
- Energized hashrate increased to 58.3 EH/s in May
- Share of available miner rewards rose to 6.5%, up from 5.1%
- Transaction fees accounted for 1.5% of total rewards
- MARA held 49,179 BTC as of May 31, without any sales during the month
- Shares increased by 5.5% on Tuesday, with Bitcoin's price slightly above $106,000