MARA Holdings announced an increase in Bitcoin mining activity in March, mining 829 BTC and finding 242 blocks, up 17% from February.

This is the company's third-highest monthly result, according to the report. The increase comes amid continued growth in mining difficulty globally, highlighting MARA's ability to maintain competitive efficiency.

In March, the average mining volume was 26.8 bitcoins (BTC) per day, up from 25.2 BTC in February, and the share of rewards available to miners increased to 5.8%.

By the end of the month, MARA's total Bitcoin holdings reached 47,531 BTC, including leveraged and collateralized assets.

In March, MARA Holdings Inc. announced plans to sell $2 billion in shares to fund its Bitcoin purchases. The company said it plans to periodically offer shares through a market offering.

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MARAPool

MARA attributes the increase in production to its own mining pool, MARAPool, which remains the only pool it owns and operates among publicly traded miners.

Since its inception, MARAPool has exceeded the average network luck factor by more than 10%, resulting in more blocks mined and higher rewards.

“Operating our own mining pool gives us greater control over our efficiency and revenues. We remain committed to strengthening our position as a leader in Bitcoin mining and energy generation,” said Fred Thiel, chairman and CEO of MARA.

The company also reported a 1% month-on-month increase in hashrate, reaching 54.3 EH/s.

This growth is in line with MARA's ongoing infrastructure expansion, including construction of a 40-megawatt data center in Ohio, which is expected to be completed by the end of April.

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Source: cryptonews.net