MARA Holdings Achieves Record Bitcoin Production of 950 BTC in May
MARA Holdings (MARA) reported producing 950 bitcoin in May, a 35% increase from April and the highest monthly output since January 2024. The company also won 282 blocks, marking a 38% month-over-month rise.
Key points include:
- MARA Pool is the only self-owned mining pool among public miners, retaining 100% of block rewards.
- The realized hashrate increased to approximately 58.1 EH/s in May, up 30% from April.
- MARA's performance aligns with a broader industry trend; MARA, CleanSpark (CLSK), and Riot Platforms (RIOT) raised their combined hashrate by 15.5%.
- Despite rising competition and network difficulty reaching an all-time high, MARA maintained its total BTC holdings at 49,179.
- CEO Fred Thiel emphasized the benefits of the company's vertically integrated model for operational control and efficiency.