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