CMC News

$BTC Mining Giant #MARA Posts Record 950 Bitcoin Production in May

$BTC miner MARA Holdings produced a record 950 $BTC in May, marking a 35% increase from April production.

The company won 282 blocks during the month, representing a 38% month-over-month increase in mining success.

MARA's energized hashrate grew to 58.3 exahash per second, contributing to the record-breaking performance.

The mining surge occurred as $BTC hit record highs above $112,000 during May trading sessions.

#MARA's $BTC treasury now holds 49,228 $BTC worth approximately $5.3 billion at current prices.

The company didn't sell any Bitcoin during May, continuing its accumulation strategy throughout the bull market.

CEO Fred Thiel attributed some success to "block reward luck" that has outperformed network averages by 10%.

Competitor Riot Platforms showed a modest 11% production growth to 514 $BTC but sold 500 tokens during the same period.

  ir.mara.com/news-events/press-...