Mara mined 950 Bitcoin in May, up 35% from April
Mara Holdings produced 950 Bitcoin (BTC) in May, a 35% increase month-over-month, and earned a record 282 blocks, up 38% MoM. The company's Bitcoin holdings reached 49,179 BTC, valued at approximately $5.2 billion. Mara sold no Bitcoin during this period. The company operates its own mining pool, which eliminates fees to external operators and retains full block reward value. CEO Fred Thiel highlighted that May's production was the highest since the April 2024 halving event and attributed success to favorable block reward luck, outperforming the network average by over 10%. Despite rising mining difficulty and a hashrate reaching 942 exahashes per second, Mara achieved record production levels. Mining difficulty surpassed 126 trillion on May 30.
