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Bitcoin Miner Marathon Expected To See Revenue Triple in Q4

Marathon is expected to post triple the revenue it brought in during the third quarter for its fourth-quarter earnings after the U.S. close today.

The miner is expected to report $38.4 million in revenue, which is still down year-over-year from $60.3 million, according to analyst estimates compiled by FactSet.

Estimates for net loss are also looking better, with analysts projecting $24 million, compared to $75.4 million in the three months before and a net income of $11.5 million in the fourth quarter of 2021.

Marathon's mining capacity ramped back up in the last quarter as it moved a large portion of its hardware into a wind-powered site in Texas after pulling them out of another site in Montana.

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