According to Yahoo Finance, bitcoin mining company Marathon Digital Holdings Inc (MARA) announced the third quarter of fiscal year 2025 earnings on November 4, the company realized a turnaround, from a loss of $124.80 million in the same period last year to a net profit of $123.10 million; revenue rose 92% year-on-year to $252.40 million, lower than market expectations.
According to the report, Marathon mined 2,144 bitcoins in the third quarter, and the block capture volume increased by only 5% year-on-year, which means that the company's 92% revenue growth was almost entirely driven by the 88% year-on-year increase in the average bitcoin price, rather than the increase in mining volume.
Bitcoin miner Marathon Digital Q3 turned a profit year-on-year: mining volume increased by only 5%, revenue growth depended on the rise in BTC prices
2025-11-06 03:14:35
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