Marathon Digital revenue surges 452% in Q4 amid ‘banner year’


Company stock dipped slightly despite the bumper earnings report, though MARA has gained 300% over the past 12 months.

United States Bitcoin mining giant Marathon Digital saw revenues surge in 2023 as it swung to a profit, however, company stock dipped following the release of its fourth-quarterly revenue report. 

Marathon Digital released its fourth-quarter and annual earnings report on Feb. 28, revealing that the firm made a record $387.5 million in revenue in 2023, increasing 229% from the previous year.

“2023 was a record-breaking year for Marathon, during which we achieved our primary objectives of energizing our fleet of previously purchased mining rigs and optimizing our performance,” said Marathon CEO Fred Thiel.

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