Marathon Digital Holdings (MARA), one of the leading names in Bitcoin mining, has reported second-quarter earnings that missed Wall Street’s expectations. Despite a notable increase in its mining capabilities, the company faced several hurdles, leading to an 8% drop in its share price.

Earnings Report Overview

Marathon Digital’s latest earnings report for Q2 2024 has revealed a mix of growth and challenges:

  • Hash Rate Surge: The company achieved a significant 78% increase in its hash rate, reaching 31.5 EH/s (exahashes per second) compared to 17.7 EH/s in the same quarter of the previous year.

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