MARA Bitcoin mining hits record high of $752M, as Bitcoin rises to $112k

Mara Holdings, who was previously Marathon Digital Holdings, has reached the highest new level ever in Bitcoin mining revenues, fueled by its last height to a record price.

The company’s annual mining revenues exceeded $ 752 million on May 27, According to To data from Cryptoquant, which makes it the most profitable day in the history of the company. Marathon is currently the largest mining company in Bitcoin (BTC) that is traded in the world by market value.

“The quarterly reports are slow. Onchin shows revenues in actual time,” wrote Cryptoquant Ki Young JU on May 27 x mailConfirm the teacher.

There was an increase in standard marathon revenues days after bitcoin rose to the highest new level ever of $ 112,000 on May 22, which was the development of some analysts to the Japanese bond market turmoil, which witnessed the rise in bond returns to its highest levels of economic turmoil in the country.

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The increase in revenue comes two weeks after the Mara’s profit report from the first quarter, which was absent from Wall Street estimates by 0.35 %. The company’s Bitcoin’s production decreased by 19 % on an annual basis, due primarily to the half Bitcoin in April 2024, which reduced mass bonuses in half from 6.25 to 3.125 BTC.

Marathon is the largest bitcoin mining company in the world with a market capital of $ 5.18 billion, According to To companymarkcap data.

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Mara’s Bitcoin’s wives exceeds $ 5 billion

Despite the decrease in production, the Bitcoin holders continued to expand.

As of May 27, the Mara’s Bitcoin 48,237 BTC holdings amounted to $ 5.28 billion, making Bitcoin Mining the second largest Bitcoin’s largest carrier in the world with more than 0.23 % of the total offer, Bitbo Data Show.

The first ranked (formerly Microstrategy), which has more than $ 63 billion in Bitcoin.

Despite the increase in revenues, the average revenue of the daily mining workers reached about $ 50 million, which is much less than the historical summits of $ 80 million, indicating that there is still a “space to return to these previous high levels,” Macro and the author of the author Axel Adler indicated, on May 27 x mail.

Bitcoin marathon was approved as the origin of the strategic cabinet reserves in July 2024, when it added $ 124 million from BTC to its public budget.

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