MARA (NASDAQ: MARA) has released its unaudited Bitcoin production update for October 2024, reporting a total production of 717 Bitcoin, which represents a 2% increase compared to the previous month. The company’s energized hash rate increased by 14% to reach 40.2 EH/s, marking the highest production month since the Bitcoin halving event in April. Despite a slight decrease in block wins due to a growing global hash rate and increased mining difficulty, transaction fees contributed approximately 5% of the total Bitcoin produced. Notably, one transaction generated a fee of 3.217 BTC, while another generated a fee of 2.665 BTC. Fred Thiel, MARA’s chairman and CEO, expressed confidence that the company is on track to achieve its target of 50 EH/s by the end of 2024 through the installation of new miners and improvements to its infrastructure.
MARA Reports 2% Increase in Bitcoin Mining for October 2024; Transaction Fees Account for 5% of Total Production
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