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MARA Holdings reported an increase in Bitcoin mining activity for March, producing 829 $BTC and winning 242 blocks, a 17% rise from February.
This marks the company’s third-highest monthly block count, according to a company note. The increase comes as global mining difficulty continues to climb, underscoring MARA’s ability to maintain competitive efficiency.
The company averaged 26.8 Bitcoin ($BTC) per day in March, up from 25.2 $BTC in February, and its share of available miner rewards grew to 5.8%.
MARA’s total Bitcoin holdings reached 47,531 $BTC by the end of the month, including loaned and collateralized assets.
In March, MARA Holdings Inc. announced plans to sell $2 billion in stock to fund Bitcoin purchases. The company disclosed it would offer shares periodically through an at-the-market offering.
MARAPool
MARA attributes its production gains to its proprietary mining pool, MARAPool, which remains the only self-owned and operated pool among publicly traded miners.
Since its launch, MARAPool has exceeded the network’s average luck factor by over 10%, resulting in more blocks mined and higher rewards.
“Operating our own mining pool gives us better control over our efficiency and earnings. We remain committed to strengthening our position as a leader in Bitcoin mining and energy generation,” said Fred Thiel, MARA’s chairman and CEO.
The company also reported a 1% month-over-month increase in energized hashrate, reaching 54.3 EH/s.
This growth aligns with MARA’s ongoing infrastructure expansion, including the development of its 40-megawatt data center in Ohio, which is expected to be completed by the end of April.