Marathon Digital Q2 results miss revenue and earnings forecasts

Marathons Q2 2023 results on Aug. 8 reported earnings of $81.8 million compared to Zacks Investment Researchs estimate of $83.2 million.The crypto miner reported a revenues per share net loss of 13 cents compared to Zacks estimate of a 3 cents per share loss. Marathons share cost mostly stayed sideways after market close, taping a 1.65% drop in after-hours trading to around $15.50 per share according to Google Finance.Marathons share rate largely stayed sideways after market close. He included Marathon likewise increased its Bitcoin (BTC) production with a record 2,926 Bitcoin mined throughout the quarter, representing around 3.3% of the networks rewards over that time.Marathon reported a $23.4 million gain due to offering 63% of the Bitcoin mined in the quarter, used to fund operating expenses.

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