Bitcoin miner Marathon Digital (MARA) missed revenue expectations in Quarter 1 due to operational challenges in Quarter 1. The miner mined only 2,811 bitcoins in Quarter 1 this year, down 34% from the previous quarter. Shares of the miner fell about 1.5% in after-hours trading on Thursday.
The miner said in a statement that bitcoin production and revenue during the quarter were negatively impacted by unexpected equipment failures, transmission line maintenance, and higher-than-expected weather-related power outages in Garden City and other locations during the quarter.
Mining company Marathon Digital mined only 2,811 bitcoins in the first quarter, lower than expected
2024-05-09 22:14:40
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