MARA Sets Post-Halving Record With Highest Bitcoin Production Since January 2024

MARA Holdings (MARA) said it produced 950 bitcoin BTC past month, the astir since January 2024 and 35% much than successful April, portion mounting a caller institution grounds by winning 282 blocks, up 38% month-over-month.

The record, powered by MARA’s proprietary MARA Pool, besides comes aft the payout for verifying blocks and adding them to the blockchain was halved successful April 2024. MARA Pool is the lone self-owned and self-managed mining excavation among nationalist miners, which enables the institution to clasp 100% of artifact rewards and has consistently outperformed the web mean successful artifact reward luck by implicit 10%.

The company’s realized hashrate climbed to an estimated 58.1 exahashes per 2nd (EH/s) successful May, a 30% summation from April, bringing it adjacent all-time highs, the institution said successful a station connected its website.

The show boost to a broader manufacture trend, arsenic MARA, CleanSpark (CLSK) and Riot Platforms (RIOT) collectively accrued their realized hashrate by 15.5%, driving the Bitcoin web trouble to an all-time precocious and compressing hashprice gains seen earlier successful the month.

Despite the rising contention and difficulty, MARA held each of its May production, bringing full BTC holdings to 49,179.

In the post, CEO Fred Thiel credited the company’s vertically integrated exemplary for improving operational power and cost-efficiency, enabling MARA to standard efficiently and stay resilient amid shifting marketplace dynamics.