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

Mara Holdings reported an increase in Bitcoin extraction activity for March, producing 829 BTC and winning 242 blocks, an increase of 17% compared to February.

This marks the third monthly number of the company’s monthly blocks, according to a company note. The increase comes while the world mining difficulty continues to climb, highlighting Mara’s ability to maintain competitive efficiency.

The company had an average of 26.8 bitcoin (BTC) per day in March, against 25.2 BTC in February, and its share of the awards of minor available increased to 5.8%.

Mara’s total Bitcoin Holdings reached 47,531 BTC by the end of the month, including the assets loaned and guaranteed.

In March, Mara Holdings Inc. Announced plans To sell $ 2 billion in shares to finance Bitcoin purchases. The company revealed that it would offer actions periodically through a market offer.

Marapool

Mara attributes its production gains to its owner mining basin, Marapool, which remains the only self-constituted pool and operated among minors listed on the stock market.

Since its launch, Marapool has exceeded the average luck factor of the network by more than 10%, causing more extracted blocks and higher awards.

“The exploitation of our own mining swimming pool gives us better control over our efficiency and our earnings. We remain determined to strengthen our position as a leader in Bitcoin extraction and energy production, “said Fred Thiel, Chairman and CEO of Mara.

The company also declared a 1% increase energetic hashratereaching 54.3 eh / s.

This growth is aligned with the expansion of the in progress in Mara, including the Development of its 40 megawatts data center In Ohio, which should be completed at the end of April.