MARA Sets Post-Halving Record, Shows Highest Bitcoin Mining Since January 2024
MARA Holdings (MARA) Announces Mining of 950 Bitcoins
Last month, BTC reached $105,571.16 , its highest level since January 2024 and 35% higher than April. In doing so, it set a new record by winning 282 blocks, up 38% from the previous month.
The record set by MARA's own MARA Pool was achieved after the rewards for verifying blocks and adding them to the blockchain were halved in April 2024. MARA Pool is the only independent and self-governed mining pool among public miners, allowing the company to retain 100% of block rewards and consistently exceed the network average in block reward success by more than 10%.
In May, the company's realized hashrate reached an estimated 58.1 exahashes per second (EH/s), up 30% from April and close to an all-time high, according to a post by the company on its website.
The performance gains were part of a broader industry trend, with MARA, CleanSpark (CLSK), and Riot Platforms (RIOT) collectively increasing their realized hashrate by 15.5%, driving Bitcoin's network difficulty to a record high and offsetting the hashrate price gains seen earlier this month.
Despite increasing competition and challenges, MARA suspended all mining in May, bringing the total BTC supply to 49,179.
In his announcement, CEO Fred Thiel emphasized that the company's vertically integrated model provides greater operational control and cost efficiency, allowing MARA to scale efficiently and remain resilient in the face of changing market dynamics.
Source: cryptonews.net
