Marathon Digital Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 05:30 pm IST
Share
Marathon Digital Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 29.321 million compared to USD 286,161 a year ago. Operating income was USD 4.621 million compared to operating loss of USD 1.791 million a year ago. Net loss was USD 108.884 million compared to USD 2.161 million a year ago. Basic loss per share from continuing operations was USD 1.09 compared to USD 0.13 a year ago. For the half year, total revenue was USD 38.474 million compared to USD 878,648 a year ago. Operating loss was USD 42.433 million compared to USD 2.883 million a year ago. Net loss was USD 25.527 million compared to USD 3.219 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.26 a year ago.
Marathon Digital Holdings, Inc. is a digital asset technology company, which is focused on supporting and securing the Bitcoin ecosystem. The Company is engaged in owning and operating bitcoin mining facilities or data centers, selling proprietary software or technology to third parties operating in the Bitcoin ecosystem, offering advisory and consulting services to support bitcoin mining ventures in domestic and international jurisdictions, and generating electricity from renewable energy resources or methane gas capture to power bitcoin mining projects. Its business is also active in Bitcoin-related projects related to the technological development of immersion, hardware, firmware, mining pools and side chains that use the blockchain cryptography. It operates approximately 210,000 mining rigs globally, with an installed and energized hash rate of approximately 25.2 and 24.7 exahashes per second, respectively. The Company has mined 12,852 bitcoins.