Today, Mara Holdings, Inc. (NASDAQ:MARA) reported a record month of Bitcoin production in May 2025, mined 950 BTC worth over $100 million while writing. It has increased by 35% since April, the highest monthly output since April 2024. Mara did not sell any bitcoins in May.
“Mara was a record month for Mara, winning 282 blocks, a 38% increase from April, a monthly high,” said Mara Fred Thiel’s chairman and CEO. “Our total Bitcoin holdings exceeded 49,000 BTC, with the most 950 bitcoins produced since the halving activity in April 2024.”
The company mined 282 blocks this month, up 38% from last month, and now holds 49,179 BTC, worth about $5.23 billion at the time of writing.
“Our fully integrated technology stack is a key difference, and Mara Pool is the only owned and operated mining pool among public miners, providing greater control and efficiency,” Thiel said. “Operating our pool means no fees to external operators and retains the full value of the block reward. Yiel may also benefit from Block Reward Luck. Due to the launch, Mara Pool’s Block Reward Luck surpasses over 10% of the network reward luck, contributing to our industry-leading Block Block Production.”
Operational efficiency has also improved, with the powered hashrate increased from 57.3 EH/s to 58.3 EH/s. Mara’s average daily Bitcoin production reached 30.7 BTC, 31% higher than the previous month since April.
“We remain focused on transforming Mara into a vertically integrated digital energy and infrastructure company,” commented Thiel. “We believe this model provides us with stricter operational controls, improves cost-effectiveness and makes us more resilient to the wider economic transformation.”
Earlier this month, on May 8, Mara released revenue for the first quarter of 2025, with revenue of $213.9 million. This was a 30% increase in the same period last year. The company’s Bitcoin holders rose 174% year-on-year, with BTC’s 17,320 BTC rising to 47,531 BTC as of March 31, at a value of $3.9 billion. In the first quarter, Mara mined 2,286 BTC and received 340 BTC. Operational performance has also been strengthened, with the vibrant Hashrat’s recent speed doubled from 27.8 EH/s to 54.3 EH/s, with a 25% increase in daily cost per day.
