Marathon Digital Q2 results miss revenue and earnings forecasts

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Marathon Digital Q2 results miss revenue and earnings forecasts
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Bitcoin miner MarathonDH mined a record 2,926 Bitcoin in the second quarter, though Q2 earnings and revenue missed expectations.

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Crypto mining firm Marathon Digital missed earnings and revenue expectations with its second-quarter 2023 results.revenues of $81.8 million compared to Zacks Investment Research's estimate of $83.2 million.

Marathon's share price largely remained sideways after market close, recording a 1.65% drop in after-hours trading to around $15.50 per shareMarathon's share price largely remained sideways after market close. Source: Google Finance

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Marathon Digital Misses Q2 Earnings and Revenue EstimatesMarathon Digital Misses Q2 Earnings and Revenue EstimatesMarathon Digital (MARA), one of the largest bitcoin miners in North America, reported an adjusted loss per share of $0.13 on revenues of $81.8 million in its second-quarter earnings report, falling short of FactSet analyst estimates for a loss of $0.06 on revenues of $83.4 million.
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