Wall Street Bitcoin Miner MARA Posts 17% Production Jump Despite Trump Tariff-Driven Volatility

Despite the recent volatility in Bitcoin prices, the most recent caused by Trump’s tariff announcement, some of the top miners are weathering the storm, among them Mara Holdings.

The NASDAQ-listed firm recorded a 17% month-over-month increase in blocks won. This growth came despite rising global mining difficulty and hashrate competition.

More than 47,000 BTC Holdings

The company’s BTC holdings surpassed 47,000, further cementing its influence in the market. With 242 blocks mined, MARA posted one of its highest monthly totals on record, signaling strong operational efficiency.

“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.”

MARA Pool’s Performance Outshines Network AveragesA key driver behind MARA’s mining success is its self-operated mining pool, MARAPool. Unlike many competitors who rely on third-party operators, MARA manages its own infrastructure, eliminating external fees and increasing profitability.

The company reported that MARAPool’s “luck factor” exceeded the network average by over 10% since launch, leading to more blocks won and higher earnings.

Hashrate Growth

Beyond operational improvements, MARA continued expanding its infrastructure. The company’s energized hashrate grew by 1% compared to February, and it remains on track to complete a 40-megawatt data center in Ohio by the end of April.

This facility will further enhance MARA’s mining capacity and strengthen its position as a dominant player in the industry. As of March 31, MARA reportedly held a total of 47,531 BTC.

MARA’s numbers have remained consistent most recently. In February, the company announced record financial results for the fourth quarter and the full year of 2024. The crypto mining giant posted a 37% increase in Q4 revenue to $214.4 million and full-year revenue growth of 69% to $656.4 million.

“2024 was a transformative year for MARA. We accelerated our transition to a vertically integrated energy and digital infrastructure company,” the company wrote in the shareholder letter. “We now have greater control over our energy, infrastructure, technology, and ultimately, our future.”

Net income jumped 248% to $528.3 million for the quarter, while adjusted EBITDA reached $794.4 million, a 207% boost from the previous year.