According to Cointelegraph, MARA Holdings' Bitcoin mining revenue reached a new high after Bitcoin prices hit record levels. On May 27, the company's annualized mining revenue exceeded $752 million.
Marathon is the largest publicly traded Bitcoin mining company by market capitalization. On May 22, Bitcoin prices first reached $112,000, with some analysts attributing this to turmoil in the Japanese bond market.
Despite the production decrease, MARA holds 48,237 BTC, valued at over $5.28 billion, making it the second largest corporate Bitcoin holder in the world. Strategy remains the largest holder, with over $63 billion in Bitcoin.
The average daily miner income is approximately $50 million, down from a historical peak of $80 million, indicating there is still room for growth.
