MARA increases Bitcoin production by 35% amid new hashrate highs
With the latest mining production in May, Mara has increased its Bitcoin holdings to 49,179 BTC and has sold zero BTC, according to chief financial officer Salman Khan.
Mara Holdings, one of the largest publicly traded Bitcoin mining companies in the United States, has significantly increased BTC production in May despite growing mining difficulty and rising hashrate.
Mara produced 950 Bitcoin (BTC) in the month of May, recording a 35% increase month-over-month (MoM), the company reported in its unaudited BTC production update published on June 3.
The mining company has also posted a record high of 282 blocks earned last month, a 38% increase MoM.