MARA Pool Realizes 32.7 EH/s in Bitcoin Hashrate As Uptime Improves

U.S. bitcoin mining giant MARA has realized a hashrate of 32.7 EH/s via its proprietary MARA Pool over the past month, following a gradual recovery in operational uptime since earlier this year.

Network data shows that MARA Pool mined 210 blocks, earning a total reward of 667 BTC in September UTC, accounting for 4.9% of the market share.

This marks the first time a single mining operation has reached an effective monthly hashrate exceeding 30 EH/s as large-scale mining companies in North America are racing to ramp up their hashing power despite the ongoing hashprice squeeze after the halving.

Notably, MARA Pool’s bitcoin production figures do not include the company’s hashrate share from its overseas joint ventures, which have averaged 2 EH/s since January. Including the joint ventures, MARA is expected to report bitcoin production nearing 700 BTC for September. This represents a production growth of 3.6% despite increasing mining competition, with the average hashrate rising to 642 EH/s in September, up from 630 EH/s in August.

Based on MARA’s installed hashrate of 35.2 EH/s as of August 30, the production increase in September also indicates the company has managed to boost its hashrate realization rate—effectively its operational uptime—to over 92%. This is the highest uptime recorded since January when MARA’s colocation partner, Applied Digital, encountered infrastructure issues at two of its hosting sites.

MARA is not the only public mining company that keeps energizing mining machines with newly constructed or acquired infrastructure. As previously reported, IREN (formerly known as Iris Energy) and CleanSpark are both aiming to reach the 30 EH/s milestone by the year’s end.

CleanSpark noted on Monday that it shut down 365 megawatts (MW) of its capacity in Southeast Georgia over the weekend as Hurricane Helene began impacting the region. The firm restored about 200 MW within 24 hours and expects to restore the remaining 165 MW no later than Oct. 4.