MARA - Marathon Digital Q4 Earnings Highlights: Revenue Beat EPS Miss Bitcoin Production Up 172% YoY | Benzinga
Digital asset mining company Marathon Digital Holdings (NASDAQ:MARA) reported fourth-quarter financial results Wednesday after the market close.
What Happened: Marathon Digital reported fourth-quarter revenue of $156.8 million, which was up 452% year-over-year. The revenue total beat a Street consensus estimate of $144.1 million, according to data from Benzinga Pro.
The company reported a loss of 2 cents per share in the fourth quarter, which missed a Street consensus estimate of a profit of 3 cents per share.
In the fourth quarter, Marathon produced 4,242 Bitcoin (CRYPTO: BTC), which was up 172% year-over-year. The company produced an average of 46.1 Bitcoin per day in the fourth quarter.
For the full fiscal year, Marathon posted revenue of $387.5 million, which was up 229% year-over-year.
The company produced a total of 12,852 Bitcoin in 2023, which ...