Bitcoin Miner Mara Holdings (Mara) produced 950 BTC in May, an increase of 35% from the previous month and its strongest production since the Bitcoin half in April 2024, the company said Tuesday.
The company also set a new internal monthly record for won blocks, a total of 282, a 38% jump from April.
CEO Fred Thiel attributed the winnings to the company’s vertically integrated tech stack and its self-owned Mara Pool. “Serving our own pool means that we are holding all the blocking payments without paying fees to third parties,” Thiel said, adding that Mara Pool’s block winning lock has surpassed the Bitcoin network’s average by over 10% since the launch.
The company’s energetic hash rate crossed slightly up to 58.3 EH/S in May, while its share of available miner rewards increased to 6.5%, up from 5.1% the previous month. Transaction fees accounted for 1.5% of the total rewards, slightly higher than April.
Mara held 49.179 BTC per 31 May and did not sell any Bitcoin during the month and kept all holdings on its balance.
Shares are higher by 5.5% in Tuesday trading along with a modest increase in the price of Bitcoin to just over $ 106,000.
