MARA Holdings Bitcoin mining revenue reaches historic high, holding 48,237 BTC
According to Cointelegraph, MARA Holdings' Bitcoin mining revenue hit a new high following record Bitcoin prices. 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, the price of Bitcoin first reached $112,000, which some analysts attributed to turmoil in the Japanese bond market.
Despite reduced production, MARA holds 48,237 BTC, valued at over $5.28 billion, making it the second largest corporate holder of Bitcoin globally. Strategy remains the largest holder, with over $63 billion in Bitcoin.
Average daily miner revenue is approximately $50 million, down from a historical peak of $80 million, indicating there is still room for growth.
