Marathon Digital's Q2 Loss Narrows, Revenue Surges with Record Bitcoin Mining
Originally Published 2 years ago — by CoinDesk
Marathon Digital, one of the largest bitcoin miners in North America, reported a Q2 adjusted loss per share of $0.13 on revenues of $81.8 million, missing analyst estimates. The company gained $23.4 million from the sale of bitcoin and benefited from lower impairment charges. Marathon also filed an 8-K stating the need to restate cash flow figures for Q1. Despite the earnings miss, Marathon remains the world's largest publicly traded bitcoin miner by self-mining hashrate.