Mara Holdings, one of the largest Bitcoin mining companies listed in public in the United States, has considerably increased BTC production in May despite increasing mining difficulties and the increase in hashrate.
Mara produced 950 Bitcoin (BTC) in May, recording an increase of 35% of one month to more than month (MOM), the company reported in its non -audited BTC production update published on June 3.
The mining company also displayed a record of 282 blocks won last month, an increase of 38% MOM.
With its latest BTC production, Mara increased its Bitcoin holdings to 49,179 BTC, worth around 5.2 billion dollars at the time of writing, according to Coigecko data.
Zero bitcoin sold
According to Mara’s financial director, Salman Khan, the company saw a record month of production in May and has not sold any bitcoin.
“One of our greatest competitive advantages? Operating our own mining swimming pool,” Khan wrote in an X Post on June 3.
The president and chief executive officer of Mara, Fred Thiel, noted that the production of Bitcoin de May of the company was the largest since the event by half which had taken place in April 2024.
The meaning of operating a swimming pool
According to Thiel, the fully integrated technological battery of Mara is a “key differentiator”, because the company is the “only self -prospecting pool and operated among public minors”.
“The exploitation of our swimming pool means no fees for external operators and the retention of full value of block rewards.”
The CEO added that May’s production benefited from the chance of block reward. “Since the launch, the chance of Mara Pool’s Block award has upgraded the network average by more than 10%, contributing to our production of advanced blocks.”
Hashrate and growing difficulty
The update of Mara Record Mining occurs despite the fact that the extraction of bitcoin is increasingly difficult.
Bitcoin Hashrate, an indicator referring to the total computing power used by minors to solve complex mathematical problems and check Bitcoin transactions on the network, has reached high levels of all time in recent months.
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According to data from Blockchain.com, the Hashrate BTC reached 942 Exehashes per second (EH / S) on May 31.
The difficulty of extraction of Bitcoin – a measure of the difficulty of solving mathematical problems to add new blocks – has also increased.
According to Blockchain.com, the mining difficulty rate of the BTC exceeded 126 billions of another upward adjustment on May 30.
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