Marathon Digital Q2 results miss revenue and earnings forecasts

📆 8/8/2023 8:10 PM
📰 Cointelegraph

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

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 (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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