Marathon Digital Holdings Inc. stock showed resilience in extended hours even though the #bitcoin #miner reported weaker-than-expected #financial results for the second quarter. The digital asset technology company lost 13 cents a share on an adjusted basis in its recently concluded quarter on $81.8 million in revenue. This was lower than the anticipated 6 cents per share and $83.4 million in revenue from analysts.

Despite the results, CEO Fred Thiel remained positive in the press release, saying: “After a strong start to the year, we accelerated our progress in the second quarter by significantly growing our hash rate and improving our efficiency.” Shares of Marathon Digital are up more than 350% year-to-date.