{"id":130100,"date":"2025-05-27T13:15:41","date_gmt":"2025-05-27T13:15:41","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130100"},"modified":"2025-05-27T13:15:41","modified_gmt":"2025-05-27T13:15:41","slug":"maras-bitcoin-mining-revenue-hits-record-752m-as-btc-price-soars","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130100","title":{"rendered":"MARA\u2019s Bitcoin mining revenue hits record $752M as BTC price soars"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsMARA Holdings, formerly Marathon Digital Holdings, reached a new all-time high in Bitcoin mining revenue, fueled by its recent surge to a record price.<br \/>\nThe company\u2019s annualized mining revenue exceeded $752 million on May 27, according to data from CryptoQuant, making it the most profitable day in the company\u2019s history. Marathon is currently the world\u2019s largest publicly traded Bitcoin (BTC) mining firm by market capitalization.<br \/>\n\u201cQuarterly reports are slow. Onchain shows revenue in real time,\u201d CryptoQuant founder and CEO Ki Young Ju wrote in a May 27 X post, confirming the milestone.\u00a0<br \/>\nMarathon\u2019s record revenue surge occurred days after Bitcoin rose to a new all-time high of $112,000 on May 22, a development attributed by some analysts to Japanese bond market turbulence, which saw bond yields rise to new highs amid economic turmoil in the country.<br \/>\nBTC mining revenue, MARA, year-to-date chart. Source: CryptoQuantRelated: Metaplanet\u2019s Bitcoin\u2019 premium\u2019 nears $600k per BTC<br \/>\nThe revenue surge comes two weeks after MARA\u2019s earnings report for Q1, which missed Wall Street estimates by 0.35%. The company\u2019s Bitcoin production fell 19% year-over-year, primarily due to the April 2024 Bitcoin halving, which cut block rewards in half from 6.25 to 3.125 BTC.<br \/>\nThe 10 largest Bitcoin mining firms. Source: CompaniesmarketcapMarathon is the world\u2019s largest Bitcoin mining firm with a $5.18 billion market capitalization,\u00a0according to Companiesmarketcap\u00a0data.<br \/>\nRelated: $1M Bitcoin by 2030: Big names predict massive debt-driven BTC rally<br \/>\nMARA\u2019s Bitcoin holdings surpass $5 billion<br \/>\nDespite the reduction in production, Marathon has continued to expand its Bitcoin holdings.<br \/>\nAs of May 27, MARA\u2019s Bitcoin holdings were 48,237 BTC worth over $5.28 billion, making the Bitcoin mining company the world\u2019s second-largest corporate Bitcoin holder with over 0.23% of the total supply, Bitbo data showed.<br \/>\nLargest corporate Bitcoin holders. Source: BitboThe top spot still belongs to Strategy (formerly MicroStrategy), which holds over $63 billion in Bitcoin.<br \/>\nDespite the revenue surge, daily miner revenues averaged around $50 million, significantly below historic peaks of $80 million, signaling that there is still \u201croom to climb back to those previous highs,\u201d noted macro researcher and CryptoQuant author Axel Adler, in a May 27 X post.<br \/>\nSource: Axel AdlerMarathon adopted Bitcoin as a strategic treasury reserve asset in July 2024, when it added $124 million worth of BTC to its balance sheet.<br \/>\nMagazine: Arthur Hayes $1M Bitcoin tip, altcoins \u2018powerful rally\u2019 looms: Hodler\u2019s Digest, May 11 \u2013 17<a href=\"https:\/\/cointelegraph.com\/news\/marathon-record-bitcoin-mining-revenue-752m?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsMARA Holdings, formerly Marathon Digital Holdings, reached a new all-time high in Bitcoin mining revenue, fueled by its recent surge to a record price. The company\u2019s annualized mining&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130100"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130100"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130100\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130100"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}