Miner Marathon sold more than 50% of its mined BTC in the second quarter to cover operating expenses, resulting in net losses of $200 million.
Following the financial report, Marathon shares fell 7%, as analysts had expected stronger results.
In the second quarter, the company mined 2,058 BTC, marking a 30% decline from the second quarter of 2023.
The miner intends to keep all future mined coins and has also bought an additional $ 100 million worth of bitcoins. $BTC
