PANews reported on December 2 that according to Globenewswire, Bitcoin mining company MARA Holdings, Inc released an unaudited BTC production update for November 2024. In November, the company mined 254 blocks, an increase of 27% from October, setting a record for the number of blocks mined in a single month. BTC production in November increased by 26% month-on-month to 907 BTC, and the power-on hash rate increased to 46.1 EH/s, an increase of 15% from October. As of the end of November, MARA has acquired 12,965 BTC at an average price of $77,692 so far this year, and mined an additional 8,563 BTC. This brings its annual yield per BTC to 37.2%. Overall, MARA now holds a total of 34,959 BTC, worth $3.3 billion at a spot price of $95,000 per BTC.
MARA produced 907 BTC in November, and the company's current Bitcoin reserves are 34,959
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