The Cryptonomics™
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Reading: Marathon reviews report $337.2 million web earnings in Q1 2024
Share
Please enter CoinGecko Free Api Key to get this plugin works.
The Cryptonomics™The Cryptonomics™
Font ResizerAa
Search
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Follow US
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Copyright © MetaMedia™ Capital Inc, All right reserved
The Cryptonomics™ > Mining > Marathon reviews report $337.2 million web earnings in Q1 2024
Mining

Marathon reviews report $337.2 million web earnings in Q1 2024

admin
Last updated: May 10, 2024 12:04 am
admin Published May 10, 2024
Share
Marathon reviews report 7.2 million web earnings in Q1 2024



Contents
Mining outputMarathon enters S&P rankingsTalked about on this article

Marathon Digital Holdings reported a report web earnings of $337.2 million in 2024’s first quarter.

The agency’s quarterly web earnings, revealed in its Could 9 earnings report, represents 184% year-over-year progress from $118.7 million within the first quarter of 2023.

EPS for the quarter stood at $1.26 per diluted share

The corporate reported report revenues of $165.2 million within the first quarter of 2024, representing 223% year-over-year progress from $51.1 million.

Marathon holds $1.6 billion in mixed unrestricted money, money equivalents, and Bitcoin as of March 31.

Mining output

Marathon additionally described elevated Bitcoin output and infrastructure progress.

The corporate produced 2,811 BTC in the course of the first quarter, value $176 million at present market costs. Within the first quarter of 2023, it produced 2,195 BTC, marking 28% year-over-year progress.

The corporate reported an energized hash fee of 27.8 exahashes per second (EH/s), up 142% from 11.5 EH/s within the first quarter of 2023.

Marathon goals to realize 50 EH/s, or 100% progress in hash fee, by the top of 2024.

Marathon additionally closed a number of knowledge middle acquisitions, doubling its digital asset compute capability to 1.1 gigawatts. Greater than half of the total quantity exists on websites that the corporate immediately owns or operates.

Marathon enters S&P rankings

Marathon’s newest outcomes come shortly after the agency’s addition to the S&P SmallCap 600. Marathon inventory (MARA) gained 18% alongside the event on Could 6.

The agency’s newest earnings report has not coincided with such a dramatic value change. MARA was down 2.19% on Could 9 however up 1.22% after hours following its earnings launch.

Regardless of minor losses, Marathon Digital Holdings stays the biggest publicly traded Bitcoin mining agency, with a market cap of $5.36 billion.

Marathon’s rivals have additionally revealed current reviews. Core Scientific reported $210.7 million in web earnings and a couple of,825 BTC mined within the first quarter on Could 9. Stronghold reported elevated earnings however a low valuation and attainable sale on Could 2. Cleanspark reported month-to-month knowledge on Could 3.

Talked about on this article
Posted In: Earnings, Mining

You Might Also Like

Sandvik earns IEC 62443-4-1 cybersecurity certification for safe product growth

Chinese language Bitcoin mining giants transfer manufacturing to US amid tariff tensions

Capital, MSALABS broaden and prolong service remit with Barrick, Kinross and others

10-year Bitcoin holdings develop sooner than each day issuance, marking shortage sign after 2024 halving

Fleet Area provides ‘subsequent technology’ of sensors to gas AI-powered mineral exploration progress

Share This Article
Facebook Twitter Email Copy Link Print
Previous Article Tron Value Prediction: TRX Outperforms Bitcoin, Can It Hit alt= Tron Value Prediction: TRX Outperforms Bitcoin, Can It Hit $0.132?
Next Article Crypto Analyst Says Ethereum Worth Will Drop To ,500, Right here’s Why Crypto Analyst Says Ethereum Worth Will Drop To $2,500, Right here’s Why
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Blockdaemon Launches Institutional DeFi Staking Service
Blockdaemon Launches Institutional DeFi Staking Service
The journey to a mature asset administration system
The journey to a mature asset administration system
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Instagram Linkedin Pinterest Tiktok Twitter Youtube
The Cryptonomics™

Cryptonomics Magazine is your premier digital source for blockchain insights, offering cutting-edge research, news, interviews, and ICO updates for everyone from entrepreneurs to institutions. We drive blockchain knowledge and growth.

Subscribe to our newsletter

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Blockdaemon Launches Institutional DeFi Staking Service
June 20, 2025
Bitcoin Money (BCH) Pops 8% Larger — Can The Momentum Proceed?
June 20, 2025
Blockdaemon Launches Institutional DeFi Staking Service
June 20, 2025
Putin and XI to Kickstart International South BRICS Funding Platform
June 20, 2025
Kraken Launches Bitcoin Staking with Babylon Protocol
June 20, 2025
Copyright © The Cryptonomics™ , All right reserved
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Join Us!

Subscribe & Stay Ahead of the Curve with Cryptonomics !

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?