Mara Holdings Boosts Bitcoin Production Despite Tougher Conditions
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Mara, one of the biggest Bitcoin mining companies in the United States, has produced 950 BTC in May 2025, showing a 35% increase compared to April. This was announced in the company’s monthly production update on June 3. However, along with the higher Bitcoin output, Mara also set a new record by earning 282 blocks, which is 38% more than the previous month.
To this end, the firm now holds 49,179 BTC, worth about $5.2 billion based on prices from coingecko. However, it is important to note that despite the increasing mining issue and rising hashrate across the Bitcoin network, Mara has not sold any of its Bitcoin.
Mara’s Pool Operation and Block Rewards
According to Mara’s Chief Financial Officer, Salman Khan, the company reached a record level of production in May without selling any Bitcoin. He stated on social media that one of Mara’s biggest strengths is running its mining pool. Mara’s CEO, Fred Thiel, also shared that May’s performance was their best since the Bitcoin halving event in April 2024. The halving reduced mining rewards, yet Mara still managed strong output. Thiel explained that owning and operating their mining pool allows them to avoid paying fees to outside pool operators, helping them keep the full value of their block rewards.
Source: Mara
The CEO also mentioned that the company saw a boost in production due to “block reward luck.” Since the launch of their mining pool, Mara has earned more rewards than the average miner, about 10% higher than the network’s normal rate. This luck has helped the company maintain high performance even under more difficult mining conditions.
Increasing Hashrate and Mining Difficulty
Even with May’s success, the wider Bitcoin network is becoming more competitive. The total Bitcoin hashrate reached a record high of 942 exahashes per second by the end of May.
As it stands, this figure shows the total computing power being used by miners worldwide. However, as more miners join the network, the difficulty to solve problems and mine new blocks also increases. On May 30, the mining difficulty went above 126 trillion, according to Blockchain.com.
To this end, despite these challenges, Mara Holdings has managed to outperform many of its competitors, keeping full control of its technology and pool, thanks to a bit of luck.
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