Bitcoin Miner Marathon Digital Reports 314% Increase In Bitcoin Production, But Misses Estimates

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Marathon Digital Holdings Inc (NASDAQ: MARA) reported second-quarter results after the close. Here’s a rundown of the report. What Happened: Marathon Digital reported second-quarter revenue of $81.8 million, which missed the consensus estimate of $92.65 million. The company reported a quarterly loss of 13 cents per share, which missed analyst estimates for a loss of 4 cents per share. Marathon Digital said a 314% increase in Bitcoin (CRYPTO: BTC) production more than offset 14% lower average Bitcoin prices during the quarter. Bitcoin gains for the quarter totaled $23.4 million as the company s…

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