MARA - Why Are Marathon Digital Shares Sliding Premarket Amid Bitcoin's Breathtaking Rally? | Benzinga
Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) fell sharply in premarket trading on Thursday after the Fort Lauderdale, Florida-based Bitcoin (CRYPTO: BTC) miner announced its fourth-quarter results.
The company reported its fourth-quarter revenue climbed about 452% year-over-year to $156.77 million, thanks to strong Bitcoin mining. The top line exceeded the consensus estimate of $144.08 million.
The company reversed to a profit of 66 cents per share from a loss of $3.13 per share a year ago. On an adjusted basis, the loss was 2 cents per share, coming in below the 3-cent ...