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Bitcoin miner Marathon Digital misses Q2 earnings estimates

Bitcoin miner Marathon Digital (MARA) reported a Q2 loss per share of $0.13 on revenues of $81.8 million, missing FactSet analyst estimates of a loss of $0.06 on revenues of $83.4 million. Despite this, Marathon shares remained steady at $15.73 in after-hours trading on Tuesday. The company has seen a 360% increase in shares this year due to the surge in bitcoin prices. Marathon's CEO, Fred Thiel, stated that the company has made progress in Q2 by increasing its hash rate and efficiency. Marathon is now the world's largest publicly traded bitcoin miner by self-mining hashrate, with 17.7 exahash per second of operational computing power on the bitcoin network in June.

Bitcoin Miner Marathon Digital
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