In May, Marathon Digital (MARA) achieved a record performance, driven by its MARA Pool. This success follows the Bitcoin halving event in April 2024, which reduced block rewards.
According to a post on the company's website, Marathon Digital's realized hashrate reached approximately 58.1 exahashes per second (EH/s) in May. This represents a 30% increase compared to April, approaching all-time highs. MARA Pool is the only self-owned and self-managed mining pool among public miners, allowing the company to retain 100% of block rewards.
This performance aligns with a broader industry trend. Marathon Digital, CleanSpark (CLSK), and Riot Platforms (RIOT) collectively increased their realized hashrate by 15.5%. This increase contributed to the Bitcoin network's difficulty reaching an all-time high. Despite the rising competition, Marathon Digital held all of its May production, increasing its total Bitcoin holdings to 49,179. CEO Fred Thiel attributed the company's success to its vertically integrated model, which enhances operational control and cost-efficiency.