MARA Achieves Record 950 BTC in May Post-Halving

The mining company MARA mined 950 BTC in May, marking the highest production level since January 2024 and representing a 35% increase compared to April’s output.

These impressive results follow the Bitcoin halving that occurred in April 2024, which reduced the reward for finding a block from 6.25 BTC to 3.125 BTC.

MARA also achieved an internal record by adding 282 blocks—a 38% month-over-month increase. This performance was driven by their own MARA Pool and a rise in hashing power.

MARA Pool is the only mining pool among publicly traded miners that is entirely owned and operated by the company, allowing MARA to retain 100% of the rewards. Additionally, the pool consistently outperforms the network average in reward acquisition by over 10%.

In May, MARA’s realized hashing power grew by 30% relative to April, reaching approximately 58.3 EH/s.

MARA’s success reflects a broader trend in the industry. The combined realized hashing power of MARA, CleanSpark, and Riot Platforms increased by 15.5%, raising Bitcoin’s network difficulty to a new historical maximum and putting pressure on the hash price, which has slowed the growth observed earlier in May.

MARA retained all of its Bitcoin production for May, bringing the company’s total reserves to 49,179 BTC.

MARA’s CEO, Fred Thiel, attributed these achievements to their «vertically integrated business model.» He noted that this model enhances operational control and economic efficiency.

It’s worth mentioning that in May, Thiel urged the US authorities to engage in mining as a means to boost the Bitcoin reserve.