Tag: Q2 results

August 05, 2024 BY Elizabeth Anderson

Marathon’s Q2 Results Trigger Stock Drop

The company’s reported revenue came in at $145.1m, 9% lower than the $157.9m predicted by Wall Street analysts. Marathon’s net loss, which includes a $148m loss on the fair value of digital assets, increased to $199.7m from $9m. According to the digital miner’s press statement, a year-on-year Q2 comparison shows that its Bitcoin (BTC) production…

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