Marathon Digital shares plunge 8% after Q2 revenue miss estimates
Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%.
United States-listed Bitcoin miner Marathon Digital shares fell 8% after filing its second quarter earnings, which fell short of Wall Street expectations.
Marathon reported revenue of $145.1 million in the second quarter, roughly 9% lower than the $157.9 million that analysts had anticipated, according to Yahoo Finance data.
The shortfall occurred despite a year-on-year revenue increase of 78% from $81.7 million in Q2 2023, according to its earnings report published on August 1.
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Author: Ciaran Lyons
