Mara Holdings (Mara) said it produced 950 bitcoins
BTC$105,571.16
Last month, the highest since January 2024, and 35% more than in April.
Records featuring Mara’s own Mara pool will also be made after payments to verify the block in April 2024 and add it to the blockchain. Malapur is the sole self-owned, self-managed mining pool in public mining, capable of holding 100% block rewards, extending the average of blocks by more than 100%.
The company climbed an estimated 58.1 exhaush to an estimated 58.1 seconds (EH/s) in May, up 30% since April, and saw it approached an all-time high, the company said in a post on its website.
Mara, Cleanspark (CLSK) and Riot Platforms (Riot) have increased the hashrate by 15.5%, leading to the moon to gain the hashpris, which compresses the difficulty of the Bitcoin network at an all-time high.
Despite increasing competition and difficulties, Mara retained all production in May, bringing its total BTC holdings to 49,179.
In the post, CEO Fred Thiel praised the company’s vertical integration model to improve operational control and cost-effectiveness, allowing Mara to efficiently expand and remain resilient as she changes market dynamics.