4 days ago
Bitcoin miner MARA Holdings (MARA) produced 950 BTC successful May, a 35% summation from the erstwhile period and its strongest output since the Bitcoin halving successful April 2024, the institution said Tuesday.
The steadfast besides acceptable a caller interior monthly grounds for blocks won, totaling 282, a 38% leap from April.
CEO Fred Thiel attributed the gains to the company’s vertically integrated tech stack and its self-owned MARA Pool. “Operating our ain excavation means we support each artifact rewards without paying fees to 3rd parties,” Thiel said, adding that MARA Pool’s artifact reward luck has outperformed the Bitcoin web mean by implicit 10% since its launch.
The company’s energized hashrate ticked up somewhat to 58.3 EH/s successful May, portion its stock of disposable miner rewards roseate to 6.5%, up from 5.1% the anterior month. Transaction fees made up 1.5% of the full rewards, somewhat higher than April.
MARA held 49,179 BTC arsenic of May 31 and didn’t merchantability immoderate bitcoin during the month, keeping each holdings connected its equilibrium sheet.
Shares are higher by 5.5% successful Tuesday commercialized alongside a humble emergence successful the terms of bitcoin to conscionable implicit $106,000.
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