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Marathon Digital Q4 Earnings Highlights: Revenue Beat, EPS Miss, Bitcoin Production Up 172% YoY

Published by
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 1…

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