MARA Achieves Record Bitcoin Production Post-Halving
MARA Holdings (MARA) announced the production of 950 bitcoin last month, its highest output since January 2024, representing a 35% increase from April. This achievement marks a new company record, with the company successfully winning 282 blocks, which is a 38% increase compared to the previous month.
This record production was supported by MARA’s proprietary MARA Pool, a unique self-owned mining pool that allows the company to retain 100% of block rewards. The performance comes in light of a halving event in April 2024, which reduced the reward for verifying blocks on the blockchain.
The realized hashrate for the company escalated to 58.1 exahashes per second (EH/s) in May, a 30% rise from the previous month, nearing its all-time best.
The increase in output is part of a broader trend within the industry, where MARA, along with CleanSpark (CLSK) and Riot Platforms (RIOT), collectively raised their realized hashrates by 15.5%, triggering a record high in Bitcoin network difficulty and compressing previously gained hashprice.
Despite facing increasing competition, MARA managed to conserve all of its May production, boosting its total Bitcoin reserves to 49,179 BTC. CEO Fred Thiel attributed this significant growth to the company’s integrated business model, which enhances operational control and cost efficiency, enabling sustainable scaling amid ongoing market changes.
