MARA Holdings, Inc. (NASDAQ: MARA), a leading innovator in digital asset computing and energy transformation, has released its unaudited Bitcoin mining performance report for March 2025. The update highlights significant progress in block production, hashrate growth, and Bitcoin holdings—reinforcing MARA’s position as a dominant force in the global Bitcoin mining ecosystem.
Record Month for Block Production
In March 2025, MARA successfully mined 242 Bitcoin blocks, marking a 17% month-over-month increase from February’s 206 blocks. This performance represents the third-highest monthly block count in the company’s history, achieved despite rising global hashrate and mining difficulty.
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The increase translated into 829 BTC produced during the month, up from 706 BTC in February. On a daily average, MARA generated 26.8 BTC, reflecting a 6% improvement over the previous month’s 25.2 BTC. These metrics underscore the company’s growing operational efficiency and scalability.
Expanding Bitcoin Reserves
As of March 31, 2025, MARA’s total Bitcoin holdings reached 47,531 BTC, including loaned and collateralized Bitcoin. This milestone reflects both consistent mining output and a strategic commitment to accumulating and holding Bitcoin as a core asset.
With Bitcoin’s long-term value proposition gaining traction among institutional investors, MARA’s growing reserves position it as not only a key network participant but also a significant holder within the decentralized economy.
MARAPool: A Strategic Competitive Advantage
One of MARA’s most distinctive strengths is MARAPool, the only self-owned and operated mining pool among publicly traded mining companies. By controlling its own pool infrastructure, MARA eliminates third-party fees, enhances payout efficiency, and gains greater control over block selection and transaction processing.
Since its launch, MARAPool has consistently outperformed the network average in "luck factor"—a measure of how frequently a pool finds blocks relative to its hashrate share. The pool has exceeded the network average by over 10%, directly contributing to higher rewards and improved profitability.
“Operating our own mining pool gives us unmatched control and performance,” said Fred Thiel, Chairman and CEO of MARA. “We’re not just mining Bitcoin—we’re optimizing every layer of the process.”
Energized Hashrate Growth and Infrastructure Expansion
MARA’s energized hashrate reached 54.3 exahashes per second (EH/s) in March, a 1% increase from February’s 53.7 EH/s. While modest, this growth occurred amid ongoing network congestion and supply chain adjustments, demonstrating operational resilience.
Looking ahead, MARA is on track to complete construction of its 40-megawatt data center in Ohio by the end of April 2025. Once operational, this facility will significantly boost hashrate capacity and support further expansion into energy generation.
The company continues to focus on integrating renewable and underutilized energy sources into its operations, aligning with its mission to convert clean, stranded, or excess energy into economic value through Bitcoin mining.
Operational Highlights – March 2025
- Blocks Won: 242 (+17% MoM)
- BTC Produced: 829 BTC (+17% MoM)
- Average Daily BTC Production: 26.8 BTC (+6% MoM)
- Share of Network Mining Rewards: 5.8%
- Transaction Fees as % of Total Revenue: 1.3%
- Energized Hashrate: 54.3 EH/s (+1% MoM)
- Total BTC Holdings: 47,531 BTC (including loaned and collateralized)
These results are specific to MARA’s direct mining operations via MARAPool and do not include contributions from joint ventures.
Core Keywords Integration
This report emphasizes several key themes central to MARA’s strategy: Bitcoin mining, hashrate growth, BTC production, mining pool efficiency, energy transformation, blockchain security, digital asset compute, and Bitcoin holdings. These keywords reflect both technical performance and strategic positioning in the evolving crypto-mining landscape.
By aligning high-efficiency mining with sustainable energy use, MARA is redefining what it means to be a modern digital asset infrastructure company.
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Frequently Asked Questions (FAQ)
Q: What is MARAPool, and why is it important?
A: MARAPool is MARA’s proprietary, self-operated mining pool. Unlike other public miners that rely on third-party pools, MARA controls its entire mining stack. This allows for zero external fees, optimized block propagation, and superior luck performance—resulting in higher earnings and greater operational control.
Q: How does MARA’s hashrate compare to industry peers?
A: With an energized hashrate of 54.3 EH/s, MARA ranks among the top-tier Bitcoin miners globally. More importantly, its use of proprietary pool technology and focus on energy-efficient deployment gives it a competitive edge beyond raw hashrate numbers.
Q: What does “energized hashrate” mean?
A: Energized hashrate refers to the total computational power actively connected to the Bitcoin network and earning rewards. It excludes idle or unpowered miners, providing a more accurate picture of real-time production capacity.
Q: Why is Bitcoin accumulation important for mining companies?
A: Holding mined Bitcoin rather than selling it immediately allows companies to benefit from long-term price appreciation. For MARA, growing its BTC treasury enhances shareholder value and strengthens its financial position in a volatile market.
Q: Is MARA expanding beyond mining?
A: Yes. While Bitcoin mining remains core, MARA is actively expanding into energy generation. By leveraging stranded or underused clean energy sources, the company aims to create a vertically integrated model that supports both blockchain security and sustainable development.
Q: When will the Ohio data center be fully operational?
A: Construction is expected to be completed by the end of April 2025. Once online, the 40-megawatt facility will support additional hashrate deployment and contribute to MARA’s goal of becoming a leader in energy-positive digital infrastructure.
Forward-Looking Vision
MARA remains focused on scaling its operations while maintaining financial discipline and technological innovation. The company’s dual strategy—dominating Bitcoin mining while advancing clean energy integration—positions it at the intersection of finance, technology, and sustainability.
Investors should note that forward-looking statements in this report involve risks related to regulatory changes, market volatility, construction timelines, and operational performance. For detailed risk disclosures, refer to MARA’s latest filings with the U.S. Securities and Exchange Commission.
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About MARA
MARA (NASDAQ: MARA) is a global leader in digital asset compute, dedicated to securing the Bitcoin blockchain and advancing energy transformation. Through innovative technologies and sustainable practices, MARA converts underutilized energy into economic value, supporting a more inclusive and resilient digital economy.