MARA Achieves Record 950 BTC Production in May Post-Halving

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

These strong results followed the Bitcoin halving event in April 2024, which reduced the reward for each mined block from 6.25 BTC to 3.125 BTC.

MARA also set an internal record by adding 282 blocks, reflecting a 38% month-over-month growth. This achievement was supported by the company’s own mining pool, MARA Pool, and an increase in hash rate.

MARA Pool is unique among publicly traded miners as it is entirely owned and operated by the company, allowing MARA to retain 100% of the rewards. The pool consistently outperforms network averages with a success rate over 10% higher in terms of reward acquisition.

In May, MARA’s realized hash rate rose by 30% compared to April, reaching approximately 58.3 EH/s.

MARA’s success mirrors a broader trend in the industry. The combined realized hash rate of MARA, CleanSpark, and Riot Platforms increased by 15.5%, pushing the Bitcoin network’s difficulty to a new historical peak and putting pressure on the hash price, which limited the earlier growth observed in May.

MARA retained all the Bitcoin mined in May, bringing the company’s total reserves to 49,179 BTC.

MARA’s CEO, Fred Thiel, attributed the company’s achievements to its «vertically integrated business model,» which enhances operational control and economic efficiency.

Furthermore, in May, Thiel urged the U.S. authorities to engage in mining as a means to replenish the Bitcoin reserve.