MARA Holdings (MARA) said it produced 950 bitcoin BTC last month, the most since January 2024 and 35% more than in April, while setting a new company record by winning 282 blocks, up 38% month-over-month.
The record, powered by MARA’s proprietary MARA Pool, also comes after the payout for verifying blocks and adding them to the blockchain was halved in April 2024. MARA Pool is the only self-owned and self-managed mining pool among public miners, which enables the company to retain 100% of block rewards and has consistently outperformed the network average in block reward luck by over 10%.
The company’s realized hashrate climbed to an estimated 58.1 exahashes per second (EH/s) in May, a 30% increase from April, bringing it near all-time highs, the company said in a post on its website.
The performance boost to a broader industry trend, as MARA, CleanSpark (CLSK) and Riot Platforms (RIOT) collectively increased their realized hashrate by 15.5%, driving the Bitcoin network difficulty to an all-time high and compressing hashprice gains seen earlier in the month.
Despite the rising competition and difficulty, MARA held all of its May production, bringing total BTC holdings to 49,179.
In the post, CEO Fred Thiel credited the company’s vertically integrated model for improving operational control and cost-efficiency, enabling MARA to scale efficiently and remain resilient amid shifting market dynamics.