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MARA Sets Post-Halving Record With Highest Bitcoin Production Since January 2024
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James Van Straten
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By James Van Straten|Edited by Sheldon Reback
Jun 4, 2025, 8:24 a.m.
- 950 BTC mined in May — MARA’s highest monthly output since January 2024, driven by 282 blocks won and a realized hashrate of 58.1 EH/s.
- Network impact — MARA, CleanSpark, and Riot collectively boosted realized hashrates by 15.5%, pushing Bitcoin network difficulty to an all-time high.
MARA Holdings (MARA) said it produced 950 bitcoin
last month, the most since January 2024 and 35% more than in April, while setting a new company record bywinning 282 blocks, up 38% month-over-month.
The record, powered by MARA’s proprietary MARA Pool, also comes after the payout for verifying blocks and adding them to the blockchain was halved in April 2024. MARA Pool is the only self-owned and self-managed mining pool among public miners, which enables the company to retain 100% of block rewards and has consistently outperformed the network average in block reward luck by over 10%.
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The company’s realized hashrate climbed to an estimated 58.1 exahashes per second (EH/s) in May, a 30% increase from April, bringing it near all-time highs, the company said in a post on its website.
The performance boost to a broader industry trend, as MARA, CleanSpark (CLSK) and Riot Platforms (RIOT) collectively increased their realized hashrate by 15.5%, driving the Bitcoin network difficulty to an all-time high and compressing hashprice gains seen earlier in the month.
Despite the rising competition and difficulty, MARA held all of its May production, bringing total BTC holdings to 49,179.
In the post, CEO Fred Thiel credited the company’s vertically integrated model for improving operational control and cost-efficiency, enabling MARA to scale efficiently and remain resilient amid shifting market dynamics.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
