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

0

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.

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *