Mara Holdings, formerly Digital Holdings Marathon, has reached a new record of all time in Bitcoin extraction income, fueled by the recent Bitcoin increase at a record price.
The annualized mining income of the company exceeded $ 752 million on May 27, according to cryptocurrency data, making it the most profitable day in the history of the company. Marathon is currently the largest mining company in Bitcoin (BTC) in the world by Bitcoin by Bitcoin by market capitalization.
“The quarterly reports are slow. Onchain shows real -time income,” wrote the founder and CEO of the cryptocurrency Ki Young Ju in a post of May 27, confirming the milestone.
The record marathon income push occurred a few days after Bitcoin reached a new summit of all time of $ 112,000 for the first time on May 22, a development awarded by certain analysts to the turbulence of the Japanese bond market, which saw bond yields reach new heights in the middle of economic turbulence in the country.
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The sharp increase in income comes two weeks after the report on Mara’s results for the first quarter, which missed Wall Street estimates by 0.35%. The company’s bitcoin production fell 19% in annual sliding, mainly due to the reduction of half of the Bitcoin by April 2024, which reduced block rewards by 6.25 to 3.125 BTC.
Marathon is the largest bitcoin extraction company in the world with a market capitalization of $ 5.18 billion, according to CompanymarketCap data.
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Mara’s Bitcoin Holdings exceeds $ 5 billion
Despite the reduction in production, Marathon continued to expand his Bitcoin farms.
Since May 27, Bitcoin Holdings of Mara has been 48,237 BTC worth more than 5.28 billion dollars, making the Bitcoin extraction company the second business bitcoin holder in the world with more than 0.23% of the total supply, according to Bitbo data.
The first place remains owned by Strategy (formerly Microstrategy), which contains more than $ 63 billion in Bitcoin.
Despite the overvoltage of income, the daily revenues of minors were on average about $ 50 million, significantly lower than historic peaks of $ 80 million, indicating that there is still “space to return to these previous summits”, noted the macro researcher and cryptocurrency Axel Adler, in a post of May 27.
Marathon adopted Bitcoin for the first time as a strategic cash reserve asset in July 2024, when he added $ 124 million BTC to his balance sheet.
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