MARA revenue reached a record 752 million dollars as BTC price surged.

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MARA Holdings (, formerly known as Marathon Digital Holdings), has just achieved a record Bitcoin mining revenue, exceeding 752 million USD annually on May 27, thanks to the price of Bitcoin rising to an all-time high of 112,000 USD on May 22. This is the highest profit day in the company's history, which is currently the largest publicly listed Bitcoin mining company in the world with a market capitalization of 5.18 billion USD.

According to CryptoQuant, the rise in Bitcoin's price is attributed to volatility in the Japanese bond market, as yields have surged amid economic instability. However, MARA's recent Q1 financial report came in 0.35% below Wall Street expectations, and Bitcoin production has decreased by 19% compared to the same period last year due to the halving event in April 2024, which reduces the block reward from 6.25 to 3.125 BTC.

MARA revenue reached a record 752 million USD as BTC price skyrocketed

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