MARA’s mining pool drives March surge in BTC production and rewards

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.