MARA Holdings Posts Post-Halving High with 950 BTC Mined in May
Bitcoin mining firm MARA Holdings (NASDAQ: MARA) saw a strong surge in production last month, mining 950 BTC in May — a 35% jump from April and the company’s highest output since the April 2024 halving event.
The firm also notched a new internal milestone, winning 282 blocks in May — up 38% from the prior month — marking its most successful month to date in terms of block rewards.
CEO Fred Thiel credited the performance to MARA’s vertically integrated infrastructure and the efficiency of its proprietary MARA Pool. “Because we operate our own pool, we retain all block rewards without incurring third-party fees,” Thiel said, adding that since its launch, MARA Pool has consistently outperformed the network average in block reward luck by over 10%.
MARA’s energized hashrate ticked up to 58.3 exahashes per second (EH/s) in May. The firm’s share of total miner rewards rose to 6.5%, up from 5.1% in April. Transaction fees made up roughly 1.5% of its total mining revenue — a slight increase over the previous month.
The company ended May holding 49,179 BTC on its balance sheet and did not sell any bitcoin during the month, continuing its strategy of long-term accumulation.
Shares of MARA rose 5.5% in Tuesday trading, buoyed by a modest rise in bitcoin’s price to just over $106,000.
