- Marathon Digital reveals $752 million mining earnings.
- Company now ranks as second-largest BTC holder.
- Market impact seen with BTC’s $112,000 all-time high.
Marathon Digital Holdings (MARA) has reported an unprecedented mining revenue of $752 million, establishing itself as the second-largest corporate Bitcoin holder worldwide, with holdings exceeding $5 billion as of April 2025.
Strategic Growth and Expansion
Marathon Digital Holdings’ mining revenue skyrocketed to $752 million, highlighting its significant presence in the cryptocurrency industry. Led by Fred Thiel, the company expanded its infrastructure in Ohio with a 50-megawatt addition bringing total operational capacity to 100 MW, aiming for scalability. Earnings soared as Bitcoin holdings grew by 174% year-over-year to 47,531 BTC by Q1 2025, further solidifying MARA’s market position. The holdings rose to a remarkable 48,237 BTC by the end of April, with a valuation surpassing $5.28 billion.
Bitcoin’s price spike to an unprecedented $112,000 has favorably affected Marathon’s earnings. Despite challenges such as increased global hashrate and mining difficulty, MARA managed to expand its energized hash rate by 5.5% to 57.3 EH/s. This expansion comes amid a general decline in average daily mining revenue to approximately $50 million. The halving event introduced new challenges. However, Marathon Digital continued to enhance its portfolio, focusing on accumulation rather than selling Bitcoin during this period, as confirmed by their strategic updates.
According to Fred Thiel, “our production saw a 15% month-over-month decrease in blocks won, as global hashrate had its second largest monthly gain.” Despite this, the company’s strategic expansions have driven significant growth. The recent infrastructure extension to 100 MW at its Ohio facility is expected to bring further capabilities. With expert Ki Young Ju noting, “Quarterly reports are slow. Onchain shows revenue in real time,” blockchain transparency remains vital for tracking MARA’s impressive financial performance compared to traditional reporting methods, ultimately aiding in enhancing stakeholder trust.
