MARA - Marathon Digital Q1 Earnings: EPS Beat Revenue Up 223% YoY 2811 Bitcoin Mined And More | Benzinga
Bitcoin (CRYPTO: BTC) miner Marathon Digital Holdings Inc (NASDAQ:MARA) reported first-quarter financial results after the market close on Thursday. Here’s everything you need to know.
Q1 Earnings: Marathon Digital’s first-quarter revenue grew 223% year-over-year to $165.2 million, which missed the consensus estimate of $180.69 million, according to Benzinga Pro. The bitcoin miner reported adjusted earnings of $1.26 per share, beating analyst estimates of 22 cents per share.
Marathon Digital’s energized hash rate increased 142% to 27.8 EH/s in the first quarter. The company said it produced 2,811 bitcoin during the quarter, up 28% year-over-year.
Marathon noted that it recently increased its hash rate ...