Marathon reports record net revenue of $337.2 million in first quarter of 2024
Bitcoin mining company Marathon Digital Holdings reported a record net profit of $337.2 million in the first quarter of 2024. The quarterly net profit announced by the company in its earnings report on May 9th increased by 184% compared to the first quarter of 2023, which was $118.7 million. The diluted earnings per share for this quarter were $1.26. The company announced that its first quarter revenue for 2024 reached a record $165.2 million, an increase of 223% from the same period last year, which was $51.1 million.
As of March 31st, Marathon held a total of $1.6 billion in unrestricted cash, cash equivalents, and Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IOTA Rebased Launches After Year of Development—Here’s What’s New
Chainlink Launches Rewards Program with SXT Airdrop for LINK Stakers
6 Best Cryptos to Hold Long Term in 2025 Featuring BTFD’s 8900% Moon Math, APU, and PENGU—Only 1 Stage Left Before This Explodes!
BTFD Coin is now in its final presale stage, one step before launch on May 27, and offering triple tokens with the LAUNCH200 code.1. BTFD Coin (BTFD) – The Final Dip Before Liftoff2. Apu Apustaja (APU) – The Internet’s Favorite Frog is Back3. Just a Chill Guy (CHILLGUY) – Vibes, Hold, Repeat4. Notcoin (NOT) – The Telegram Titan Breaking Records5. Pudgy Penguins (PENGU) – Cold but Crushing It6. Brett (BRETT) – From Lurker to LegendConclusion: Can You Afford to Miss This Again?
Bitcoin Bullish Prediction: $100K May Be the New Floor
A bold Bitcoin bullish prediction suggests BTC may never dip below $100K again after a year. Are you ready?Why $100K Could Become Bitcoin’s New BottomLong-Term Bulls Are Holding StrongDon’t Get Left Behind
Trending news
MoreCrypto prices
More
