Today, MARA Holdings, Inc. (NASDAQ: MARA) reported a record-high month of Bitcoin production in May 2025, mining 950 BTC worth over $100 million at current valuations. This marks a 35% increase from April and the highest monthly output since the April 2024 halving event. Notably, MARA retained all Bitcoin mined during May, reinforcing its long-term holding strategy.
Key Highlights from MARA’s May 2025 Performance
Record-Breaking Production
- 950 BTC mined (worth ~$100M), a 35% monthly growth.
- 282 blocks won, a 38% increase over April.
- Total Bitcoin holdings surpassed 49,000 BTC (49,179 BTC as of May 2025).
Operational Efficiency
- Energized hashrate rose 2% (57.3 EH/s → 58.3 EH/s).
- Daily Bitcoin production averaged 30.7 BTC, up 31% from April.
- MARA Pool’s block reward luck outperformed the network average by 10%+, enhancing profitability.
Leadership Insights
Fred Thiel, MARA’s Chairman and CEO, emphasized:
"Our fully integrated tech stack and self-operated MARA Pool eliminate external fees and maximize block rewards. May’s success reflects our operational resilience and strategic focus on vertical integration."
Strategic Growth and Q1 2025 Snapshot
Financial Milestones
- Q1 2025 revenue: $213.9 million (30% YoY increase).
- Bitcoin holdings grew 174% YoY (17,320 BTC → 47,531 BTC by March 31).
- Q1 mining output: 2,286 BTC (+340 BTC acquired).
Operational Upgrades
- Hashrate nearly doubled (27.8 EH/s → 54.3 EH/s).
- Cost per petahash/day improved by 25%.
MARA’s Vision: Vertical Integration
Thiel reiterated MARA’s transformation into a vertically integrated digital energy and infrastructure company, citing benefits like:
- Tighter operational control.
- Improved cost-efficiency.
- Resilience against economic shifts.
👉 Explore MARA’s latest Bitcoin mining innovations
FAQ
How much Bitcoin did MARA mine in May 2025?
MARA mined 950 BTC, valued at $100+ million, setting a post-halving record.
Does MARA sell its mined Bitcoin?
No. MARA retained all Bitcoin mined in May, continuing its HODL strategy.
What is MARA Pool’s advantage?
As the only self-owned mining pool among public miners, MARA avoids third-party fees and retains 100% of block rewards.
What drove MARA’s Q1 2025 growth?
Revenue surged 30% YoY, fueled by 174% growth in Bitcoin holdings and doubled hashrate capacity.
👉 Learn how MARA leads in Bitcoin mining efficiency
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