Mara Holdings reported an increase in Bitcoin mining activity in March, generating 829 BTC, winning 242 blocks, an increase of 17% from February.
According to the company’s memo, this marks the company’s third highest monthly block count. This increase highlights Mara’s ability to remain competitively efficient, as the global mining difficulty continues to rise.
The company increased its average daily 26.8 Bitcoin (BTC) in March from 25.2 BTC in February, increasing its share of available minor rewards to 5.8%.
Mara’s total Bitcoin holdings reached 47,531 BTC by the end of the month, including loaned and secured assets.
In March, Mara Holdings Inc. announced plans to sell $2 billion in shares to fund the purchase of Bitcoin. The company has made its announcement that it will regularly offer its stock through market offerings.
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Marapool
Mara attributes its production profits to its own mining pool, Marapool.
Since its launch, Marapool has exceeded the network’s average fortune by more than 10%, with more blocks mined and more rewards.
“Our operation of our own mining pool allows us to have better control over efficiency and revenue. We are committed to strengthening our position as a leader in Bitcoin mining and energy generation,” said Fred Thiel, Chairman and CEO of Mara.
The company also reported an over a month increase in energyized hashrates, reaching 54.3 EH/s.
This growth coincides with Mara’s continued infrastructure expansion, including the development of Ohio’s 40-megawatt data centers, which are expected to be completed by the end of April.
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