Blockchain
MARA Bitcoin mining hits record high of $752M, as Bitcoin rises to $112k
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MARA Holdings, formerly Marathon Digital Holdings, has reached a new all-time high in Bitcoin mining revenue, fueled by Bitcoin’s recent surge to a record price.
The company’s annualized mining revenue exceeded $752 million on May 27, according to data from CryptoQuant, making it the most profitable day in the company’s history. Marathon is currently the world’s largest publicly traded Bitcoin (BTC) mining firm by market capitalization.
“Quarterly reports are slow. Onchain shows revenue in real time,” CryptoQuant founder and CEO Ki Young…
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