MARA Hits Record-High Bitcoin Production in May

Bitcoin Miner Mara Holdings, formerly Marathon Digital, set a new monthly record in May, producing 950 bitcoin, an increase of 35% compared to April.

BTC Miner said he won 282 blocks, marking an increase of 38% compared to the moon and increased its energy hashrate to 58.3 exhash per second.

Mara’s big moon happened because Bitcoin hit a record above $ 112,000, part of a wider increase in cryptocurrency markets that result from an improved environment for risk property. Bitcon has recently traded over $ 106,000, which is 2% in the last 24 hours.

Bitcoin miners use powerful computers to solve complex mathematical problems that confirm the transactions on the Bitcoin network. To say that the miner “won” the block means that he beat the others to the right answer. The company’s mining force is measured in Exahashes, representing one quinylonian guessing on the right response every second.

The miners were awarded with new Bitcoin fees and transactions to assist the network and the addition of new blockchain blocks, which is why Mara increased victory rate helped the new BTC production record.

The company noted that some of this is reduced to pure happiness.

“Production has been used in May with luck with the block awards. From launch, Mara Pool Block Reward Luck outplayed the network average by over 10%, contributing to our blockade production in the industry,” said Mara Holdings Fred Thiel UA CEO a statement.

Mara Holdings has grown up now His bitcoin treasure trove to 49.228 BTC, the moment of writing of about $ 5.3 billion. The company noticed in its statement for the public that did not sell any bitcoin in May.

The value of the Bitcoin Holdings company is now at a level with market capitalization of $ 5.3 billion. The company did not immediately answer the question of Decipher About this point.

Is probably a welcome turnaround since his market eyelid lagged behind Bitcoin Holdings in April.

Investors look satisfied with the news. Mara, who trades on the Naddaq under Mara TackerHe acquired 5.6% of the opening of the bell and currently traded for $ 15.15. Just last week the company was Touting on x that instead of only Buying Bitcoin, its “Twin Turbo Strategy” includes the purchase, production and assembly of BTC.

The next biggest competitor is publicly traded by Mara, Riot Platforms, published a smaller gain in May. Clutter, which trades on the nadaq under the floor ClutterWAS BTC production increased by 11% to 514 In May. But unlike his rival, Riot sold 500 Bitcoin on the same month.

In his commentary in May, Riot Platform Executive Director Jason Les said that the company closed at 355 hectares near the existing Korsikana town in Texas.

“This additional land will further support the development of data centers to serve high -performance computers, which usually require larger traces from Bitcoin’s mining to use the same power capacity,” he said.

Edited by James Rubin