MARA's Annualized Bitcoin Mining Revenue Reaches $752 Million, Holding 48,237 Bitcoins

According to a report by Jinse Finance, CryptoQuant data shows that MARA (Marathon Digital Holdings) achieved an annualized Bitcoin mining revenue of $752 million on May 27, setting a new company record. This growth was driven by Bitcoin's price surpassing $112,000 for the first time on May 22. Despite a 19% year-over-year decline in output due to the Bitcoin halving event in April 2024, MARA has still expanded its Bitcoin holdings. As of May 27, MARA held 48,237 Bitcoins, valued at over $5.28 billion, accounting for approximately 0.23% of the total Bitcoin supply, making it the world's second-largest corporate Bitcoin holder, second only to Strategy (formerly MicroStrategy).