**News Flash: Marathon Digital's Q2 Revenue Misses Expectations, Shares Dip**
Shares of bitcoin miner Marathon Digital (MARA) fell by 8% in post-market trading after missing Wall Street's Q2 revenue expectations. The company reported $145.1 million in revenue, falling short of the $157.9 million estimate.
- **Operational Challenges:** Equipment failures and maintenance issues at the Ellendale site impacted BTC production.
- **Market Factors:** Increased global hash rate and the April halving event also played a role.
- **Future Outlook:** Despite setbacks, Marathon reached an all-time high mining power of 31.5 EH/s and aims for 50 EH/s by year-end.
Marathon sold 51% of its mined BTC in Q2 but recently bought $100M worth of bitcoin, re-adopting a 'full HODL' strategy. The company now holds over 20,000 BTC.
What are your thoughts on Marathon's strategy? đŹ Share in the comments!