Marathon’s Bitcoin Mining Revenue Reaches Record $752M

Marathon Holdings, previously known as Marathon Digital, achieved a new peak in Bitcoin mining income as Bitcoin’s price soared to historic levels.

Real-Time Data Shows Surging Profits

Data from CryptoQuant revealed that on May 27, Marathon’s annualized mining revenue surpassed $752 million — the highest single-day figure ever.

The World’s Largest Bitcoin Miner

Marathon remains the top publicly traded Bitcoin mining company by market cap, driven by both scale and consistent network performance.

Picture Marathon’s Bitcoin Mining Revenue Reaches Record 2M 2 | TON app

CEO Confirms Milestone via On-Chain Metrics

“Quarterly filings are slow; on-chain data tells the real story,” said CryptoQuant CEO Ki Young Ju in a May 27 post, highlighting the real-time figures.

BTC Price Spike Fuels Marathon’s Revenue Boom

The mining record followed Bitcoin’s climb to $112,000 on May 22. Analysts suggest Japan’s bond crisis helped trigger demand for BTC.

Chart Shows 2024’s Mining Revenue Climb

CryptoQuant’s chart tracks Marathon’s sharp rise in revenue year-to-date, reflecting broader crypto market momentum since early 2024.

MARA’s Q1 Report Slightly Missed Estimates

Despite strong performance, Marathon’s Q1 earnings fell 0.35% short of Wall Street’s expectations, citing the April halving as a key factor.

Bitcoin Halving Impacts Output

The Bitcoin halving on April 20 reduced block rewards from 6.25 to 3.125 BTC, lowering Marathon’s production by 19% year-over-year.

Picture Marathon’s Bitcoin Mining Revenue Reaches Record 2M 3 | TON app

Still Leading Among Global Miners

Per Companiesmarketcap, Marathon has a $5.18 billion valuation, keeping its lead over other top mining firms in the global BTC sector.

Marathon’s BTC Holdings Top $5.28 Billion

Despite reduced production, Marathon grew its reserves. As of May 27, it held 48,237 BTC — worth over $5.28 billion at current prices.

Now the Second-Largest Corporate Holder

According to Bitbo, Marathon owns over 0.23% of all BTC — second only to Strategy, which holds more than $63 billion worth of Bitcoin.

Miner Revenues Still Below Historical Peaks

CryptoQuant’s Axel Adler noted that while miner revenue hit highs, the daily average of $50 million remains under the all-time $80M peak.

Picture Marathon’s Bitcoin Mining Revenue Reaches Record 2M 4 | TON app

Potential Upside for Miner Income

Adler pointed out there is “room to climb” to historic highs if market conditions remain bullish and institutional interest persists.

Bitcoin Now a Core Treasury Asset

Marathon officially adopted BTC as part of its reserves in July 2024, adding $124 million worth of Bitcoin to its corporate balance sheet.