From Cointelegraph

May 27, 2025 8:33:00 AM:

MARA Holdings, formerly Marathon Digital Holdings, sets new all-time high in Bitcoin mining revenue, surpassing $752 million on May 27. Marathon is the largest publicly traded BTC mining firm, with a market capitalization of $5.18 billion. Despite Q1 earnings missing estimates, Marathon’s Bitcoin holdings exceed 48,000 BTC worth over $5.28 billion.

The revenue surge follows Bitcoin’s record high of $112,000 on May 22, linked to Japanese bond market turbulence. Marathon’s production fell 19% year-over-year due to the April 2024 Bitcoin halving, reducing block rewards to 3.125 BTC. Despite the revenue increase, daily miner revenues average around $50 million, below historic peaks of $80 million.

Marathon first invested in Bitcoin in July 2024, adding $124 million worth of BTC to its balance sheet. The company’s strategic treasury reserve now holds over $5 billion in Bitcoin, making it the world’s second-largest corporate Bitcoin holder. Strategy (formerly MicroStrategy) remains the top corporate holder with over $63 billion in Bitcoin.

Read more at Cointelegraph: MARA Bitcoin mining hits record high of $752M, as Bitcoin rises to $112k