Bitcoin Miner Mara Holdings (Mara) produced 950 BTC in May, an increase of 35% compared to the previous month and its greatest production from half of half of Bitcoin in April 2024, the company said Tuesday.
The firm also established a new internal monthly record for the blocks won, for a total of 282, a jump of 38% since April.
The CEO Fred Thiel attributed the profits to the vertically integrated technological battery of the company and his Mara group, owned by Mara. “Operating our own pool means that we maintain all block rewards without paying rates to third parties,” said Thiel, adding that the fate of Mara Pool’s reward has surpassed the Bitcoin network average in more than 10% since its launch.
The company’s energized hashrate increased slightly to 58.3 EH/s in May, while its participation in available miners rewards increased to 6.5%, compared to 5.1% in the previous month. Transaction rates represented 1.5% of total rewards, slightly higher than in April.
Mara had 49,179 BTC as of May 31 and did not sell Bitcoin during the month, maintaining all the participations in her balance.
The shares are higher by 5.5% in Tuesday’s trade along with a modest increase in the price of Bitcoin just over $ 106,000.
