Key Points:

• MARA Holdings successfully mined 950 BTC in May, representing a 35% increase over the previous month, achieving its highest production output since the Bitcoin halving in April 2024.
• The company celebrated setting a new internal monthly record by winning 282 blocks, marking a 38% rise compared to April.
• CEO Fred Thiel credits the impressive results to MARA’s self-operated MARA Pool and advantageous block reward luck, allowing them to achieve better performance than the average Bitcoin network.

According to the company’s announcement, as of May 31, MARA’s total Bitcoin holdings stood at 49,179 BTC, and the company opted not to sell any Bitcoin throughout the month, maintaining all holdings on its balance sheet. Their energized hash rate also slightly increased to 58.3 EH/s in May, with reward shares growing to 6.5%, from 5.1% the previous month. Transaction fees constituted 1.5% of the overall rewards.

Despite the date of this report, shares rose by 5.5% in trading alongside a minor uptick in Bitcoin’s price, now above $106,000.