Bitcoin Miner MARA Holdings Reports Record Block Wins, Mines 950 BTC in May
Bitcoin mining company MARA Holdings (MARA) mined 950 BTC in May, up 35% from the previous month and the highest since the April 2024 Bitcoin halving, the company said on Tuesday.
The organization also set a new record for the number of blocks mined in a month – 282, which is 38% more than in April.
CEO Fred Thiel attributed the growth to the company's vertically integrated technology platform and its own pool, MARA Pool. “Running our own pool allows us to keep all block rewards without paying fees to third parties,” Thiel said, adding that MARA Pool's block reward fortunes have outperformed the Bitcoin network average by more than 10% since its inception.
The company's hashrate increased slightly to 58.3 EH/s in May, and its share of available rewards for miners increased to 6.5%, up from 5.1% in the previous month. Transaction fees accounted for 1.5% of total rewards, up slightly from April.
As of May 31, MARA held 49,179 BTC and had not sold a single bitcoin for a month, keeping all of its assets on balance.
Shares rose 5.5% in trading on Tuesday amid a modest rise in the price of bitcoin to just over $106,000.
Source: cryptonews.net
