Business
MARA Announces Bitcoin Production and Mining Operation Updates for March 2025
242 Blocks Won in March, 17% Increase M/MIncreased BTC Holdings* to 47,531 BTC Fort Lauderdale, FL, April 03, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc.
About this update from Mara Holdings, Inc.
[{"type":"text","content":"242 Blocks Won in March, 17% Increase M/MIncreased BTC Holdings* to 47,531 BTC Fort Lauderdale, FL, April 03, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (\"MARA\" or the \"Company\"), a global leader in leveraging digital asset compute to support energy transformation, today published unaudited bitcoin (\"bitcoin\" or \"BTC\") production updates for March 2025. Management Commentary\"In March, our production saw a 17% month-over-month increase in blocks won, even as global hashrate and mining difficulty grew,\" said Fred Thiel, MARA's chairman and CEO. \"Our bitcoin holdings surpassed 47,000 BTC during March and the 242 blocks mined were the third most in a month on record. \"MARAPool is the only self-owned and operated mining pool among public miners, offering distinctive control and efficiency. Operating our own pool means no fees to external operators, higher earnings and superior performance. MARA Pool’s luck factor has exceeded the network average by over 10% since launch, meaning more blocks mined and higher rewards. \"Energized hashrate grew 1% over February and we expect to finish construction of our 40-megawatt data center in Ohio by the end of April. We will continue to focus on being the dominant player in bitcoin mining while expanding our footprint in energy generation.\" Operational Highlights and UpdatesFigure 1: Operational Highlights Prior Month ComparisonMetric March 2025 February 2025 % ΔNumber of Blocks Won 1 242 206 17%BTC Produced 829 706 17%Average BTC Produced per Day 26.8 25.2 6%Share of available miner rewards 2 5.8% 5.4% NMTransaction Fees as % of Total 1 1.3% 1.4% NMEnergized Hashrate (EH/s) 1 54.3 53.7 1% These metrics are MARAPool only and do not include blocks won from joint ventures.Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period. NM - Not Meaningful As of March 31, 2025, the Company held a total of 47,531 BTC*. *Includes loaned and collateralized bitcoin Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading \"Risk Factors\" in our most re...