Marathon Digital Beats Q3 Earnings Estimates But Misses on Revenue
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Marathon Digital beats Q3 earnings estimates but misses on revenue
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Reported Q3 EPS of $0.35 vs estimated loss of $0.11 per share
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Q3 revenue was $97.8M compared to estimate of $99.6M
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Produced 3,490 bitcoins in Q3, up from 2,926 in Q2 and 616 in Q3 2021
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Expects 2023 bitcoin mining hash rate to reach 26 EH/s, grow 30% in 2024