Cryptocurrency analysis company Arkham identified the Bitcoin wallet addresses of Marathon Digital Holdings (MARA), the world's largest publicly traded Bitcoin mining company.
Marathon Digital Holdings, with a market value of $4.93 billion, has always played a dominant role in the Bitcoin mining industry. Until now, traders and investors had to wait for earnings reports to confirm the amount of Bitcoin mined by the company. However, with the discovery of BTC addresses, such a situation is no longer the case.
With this notification from Arkham, data is now directly accessible on-chain, providing real-time information about Marathon's mining operations.
Arkham identified a total of 23 wallet addresses associated with Marathon holding over $1.1 billion in Bitcoin.
According to the data, Marathon earned a staggering $387.5 million in revenue by mining 12,850 BTC in 2023 alone.
When Arkham data is examined, it is seen that Marathon produces approximately 25 BTC daily and generates approximately 1.7 million dollars in revenue. However, when the company sells BTC, it does not do so on a daily and regular basis. For example, they last sold $32.49 million worth of BTC 6 days ago.
However, the previous BTC sales amounted to $ 15 million three weeks ago.
*This is not investment advice.