According to Cointelegraph, MARA Holdings’ Bitcoin mining revenue reached a new high after the Bitcoin price hit a record high. On May 27, the company’s annualized mining revenue exceeded $752 million.
Marathon is the world’s largest publicly traded bitcoin mining company by market value. On May 22, bitcoin prices hit $112,000 for the first time, a move some analysts attributed to turmoil in the Japanese bond market.
Despite the reduction in production, MARA holds 48,237 BTC, worth more than $5.28 billion, making it the second-largest corporate Bitcoin holder in the world. Strategy remains the largest holder, holding more than $63 billion in Bitcoin.
Average daily miner revenue is around $50 million, down from an all-time peak of $80 million, suggesting there is still room to rise.
