Mining Pool MARA Delivers BTC Production and Rewards Surge in March

MARA Holdings reported an increase in Bitcoin mining activity in March, with 829 BTC mined and 242 blocks found, up 17% from February.

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

The company's average daily mining output was 26.8 bitcoins (BTC) in March, up from 25.2 BTC in February, and its share of available miner rewards 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 noted that it would periodically offer shares through a market offering.

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MARAPool

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

Since its launch, MARAPool has exceeded the average network luck rate 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 focused on strengthening our position as a leader in Bitcoin mining and energy generation,” said Fred Thiel, Chairman and CEO of MARA.

The company also noted a 1% increase in hashrate compared to the previous month, 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