Bitcoin miner Marathon Digital Holdings reported a record $337.20 million in net profit for Quarter 1 in 2024. The company reported a 184% year-on-year increase in quarterly net profit in its May 9 earnings report from $118.70 million for Quarter 1 in 2023. Diluted earnings per share for the quarter were $1.26. The company reported a record $165.20 million in revenue for Quarter 1 in 2024, up 223% from $51.10 million in the same period last year.
As of March 31, Marathon held a total of $1.60 billion in unrestricted cash, cash equivalents, and bitcoin.
Marathon Report: Quarter 1 Net Revenue Hits Record $337.20 million in 2024
2024-05-10 00:15:13
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