Missed Estimates: Marathon Digital Q2 Revenue Falls Short at $145 Million

IconCryptoNewsTerminal Staff01 Aug, 2024

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Missed Estimates: Marathon Digital Q2 Revenue Falls Short at $145 Million

Marathon Digital (MARA), the cryptocurrency mining giant based in the US, recently reported its Q2 results, revealing a revenue of $145 million. While this figure fell short of the estimated $158 million, the company attributed this shortfall to operational challenges, including equipment downtime and transmission line maintenance, alongside the impact of the Bitcoin halving. However, Marathon Digital reassured investors that most of these issues have been resolved. Despite an initial 8% drop in extended trading after the results were announced, Marathon Digital shares have since recovered.

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