MARA Holdings has announced a boost in Bitcoin mining activity for March, achieving a total of 829 BTC and securing 242 blocks, reflecting a 17% increase from February.
This achievement positions the company’s monthly block count as the third-highest to date, based on a recent company update. The rise in production is notable amid the increasing global mining difficulty, highlighting MARA’s capability to sustain competitive efficiency.
In March, the company averaged 26.8 Bitcoins (BTC) daily, up from 25.2 BTC in February, and its share of the miner rewards increased to 5.8%.
By the end of March, MARA’s total Bitcoin holdings amounted to 47,531 BTC, including assets that were loaned and collateralized.
Additionally, in March, MARA Holdings Inc. revealed intentions to raise $2 billion through stock sales aimed at funding Bitcoin acquisitions. The company plans to issue shares periodically via an at-the-market offering.
MARAPool
The gains in production have been attributed to MARA’s proprietary mining pool, MARAPool, which is notably the only fully owned and operated pool among publicly traded miners.
Since its inception, MARAPool has consistently outperformed the network’s average luck factor by over 10%, leading to an increase in the number of blocks mined and greater rewards.
“Managing our own mining pool enables us to enhance our efficiency and earnings. We are dedicated to fortifying our leadership position in Bitcoin mining and energy production,” stated Fred Thiel, chairman and CEO of MARA.
The company also noted a 1% month-over-month rise in energized hashrate, reaching 54.3 EH/s.
This growth aligns with MARA’s continuing infrastructure development, which includes a new 40-megawatt data center in Ohio, anticipated to be operational by the end of April.