btc halving Archives - Coin Engineer

MARA Reaches Record Revenue in Bitcoin Mining

Yigit Taha OZTURK — Tue, 27 May 2025 18:00:02 +0000

MARA Holdings (formerly Marathon Digital) has set a new record in annualized Bitcoin mining revenue, surpassing $752 million as BTC reached a new all-time high of $112,000. The company is now the second-largest corporate holder of Bitcoin, with over $5.28 billion in BTC.

Record Revenue Amid Bitcoin Rally

On May 27, MARA reported the highest daily revenue in its history. The milestone was confirmed via on-chain data from CryptoQuant, as Bitcoin surged days earlier due to macroeconomic instability, notably in Japan’s bond markets.

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CryptoQuant CEO Ki Young Ju noted, “Quarterly reports are slow. On-chain shows revenue in real time.”

Bitcoin mining revenue, MARA, year-to-date chart. Source: CryptoQuant

BTC Holdings Top $5 Billion Despite Halving Impact

Despite a 19% drop in Bitcoin production due to the April 2024 halving, MARA’s treasury strategy remains aggressive. With 48,237 BTC now held on its balance sheet — valued at over $5.28 billion — MARA trails only Strategy (formerly MicroStrategy) in corporate Bitcoin holdings.

The company’s market cap currently stands at $5.18 billion, making it the largest publicly traded Bitcoin miner globally.

Analysts: More Upside Possible

CryptoQuant’s Axel Adler commented that while daily mining revenues (~$50 million) are still below the historic $80 million peak, there’s potential to climb back to those highs.

MARA adopted Bitcoin as a strategic treasury reserve in July 2024, adding $124 million worth of BTC to its balance sheet, marking a key pivot in its financial strategy.

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According to Benchmark, Bitcoin Miners Are Ready For Halving

Tanju Akbıyık — Fri, 19 Apr 2024 23:00:49 +0000

Crypto miners are in a better position for the upcoming Bitcoin reward halving, according to Benchmark, largely due to significant increases in Bitcoin price over the past six months. The report highlights that Bitcoin’s nearly 140% rise in the last two quarters and significant gains in other cryptocurrencies such as Ethereum have provided miners with a buffer against the effects of a 50% drop in the rewards they earn.

The halving event, which is expected to occur soon, slows the Bitcoin supply growth rate by 50%. But the recent rise in Bitcoin price may ease some of the challenges faced by less efficient miners in the near term. Haris Kolay, chief strategy officer at Bitcoin miner Bitdeer Technologies, suggested that the rise in Bitcoin price could cushion the impact of the halving on inefficient mining platforms, potentially reducing the dramatic impact on the network’s hashrate.

Benchmark analyst Mark Palmer noted that publicly traded Bitcoin miners are taking steps to increase their electricity and hashrate capacity in response to the reduced revenue and gross profit profiles expected after the halving. However, uncertainty surrounding the event has led to a year-to-date decline in shares of listed miners, despite Bitcoin’s 46% rise in the same period.

Palmer suggests that if history repeats itself and Bitcoin experiences a strong rally following the halving, the impact on the miners’ economy may diminish over time. Additionally, a possible increase in network fees could further offset the impact of decreasing block rewards.

The report also notes that the halving’s impact on Bitcoin price could be further amplified by the emergence of spot Bitcoin exchange-traded funds (ETFs) after they were approved in the US in January. As institutions begin investing in these ETFs, inflows into the market are expected to increase significantly, potentially increasing demand for Bitcoin and further supporting its price.

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Countdown to Bitcoin Halving, What to Expect?

Tanju Akbıyık — Fri, 12 Apr 2024 18:53:19 +0000

Whole crypto market waits for the Bitcoin’s halving, which expected to happen in 9 days. Bitcoin halving has been a big subject that community keeps an eye on. The event that will occur during the halving will be that Bitcoin block rewards will be halved. The increase in Bitcoin performance after the halvings that took place in certain periods was quite remarkable in this period. How will Bitcoin performance be after the halving we will experience? What should we follow based on price?

After Halving Performance of Bitcoin:

Bitcoin halving expect to happen in 9 days. Which levels should we follow?

After Bitcoin recently reached the level of 72 thousand dollars, deep sales took place and the price dropped to the 66 thousand dollar band. It is very important for Bitcoin to hold on at $69500. We have watched Bitcoin fail to hold on in these regions where it had previously won without volume. However, the decreases following the insignificant increases in volume left investors questioning whether the direction was up or not.

While it is necessary to pay attention to the volatility that may occur before the halving, it is critical that Bitcoin does not lose the 69500 and 71 thousand dollars levels in this 9-day period. However, after maintaining the levels, it will be an important message that the level of 73 thousand dollars is exceeded and the direction is upward.

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What to Expect From Bitcoin Halving in April 2024

Tanju Akbıyık — Wed, 03 Apr 2024 08:33:12 +0000

Cryptovsummit, an event organized by DoubleMorgan and led by its founder Mena Botros, has become a cornerstone in the crypto industry, particularly in the Dubai region. With a successful track record of five years, this annual event has consistently drawn investors, fostering crucial long-term business relationships. The upcoming edition on April 17th, 2024, in Dubai, U.A.E promises to be especially significant as it coincides with the Bitcoin halving, creating an atmosphere of anticipation for groundbreaking developments in the crypto space.

One of the major highlights of this year’s Cryptovsummit is the recent approval of Bitcoin ETFs by the SEC for industry giants like BlackRock and Vanguard. This regulatory milestone opens the door for institutional investors to venture into the crypto investment realm securely and legally. The convergence of the Bitcoin halving and the institutional acceptance of crypto investments is expected to attract a surge of investors seeking new opportunities and insights.

Bitcoin halvings occur every four years, reducing new bitcoin creation and increasing scarcity. This can drive price speculation and historically has led to price increases. The alignment of Cryptovsummit with this significant event adds another layer of excitement, as attendees will be keen to explore the potential impacts on the crypto market and investment strategies.

In the past, Cryptovsummit has successfully hosted influential figures in the crypto industry, including Mario Nawfal, Carl “The Moon” Runefelt, and Nikita Sachdev – three of the most followed crypto entrepreneurs. This year’s edition is no exception, featuring esteemed speakers such as Peter Wielgosz, a partner at Rimon Law, and Barry DiRaimondo, CEO of SteelWave. These renowned speakers are poised to provide invaluable perspectives on legal aspects and strategic insights in the ever-evolving crypto landscape.

Mena Botros, the visionary founder of DoubleMorgan, has played a pivotal role in supporting the growth of numerous tech startups within the crypto space. His expertise has helped to bring more than 300 crypto companies & startups to the UAE since 2017.

As Cryptovsummit continues to be a focal point for industry leaders, investors, and entrepreneurs, the April 17th, 2024, Dubai, U.A.E edition is set to be a must-attend event for anyone looking to stay at the forefront of the rapidly evolving crypto and blockchain landscape.

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