#MarathonDigital Holdings reported a mixed Q1 2024 with a 223% revenue increase and a 184% rise in net income compared to Q1 2023, totaling $337.2 million.
Despite these gains, the company saw a 34% drop in #Bitcoin production from the previous quarter due to equipment failures and maintenance issues.
This resulted in their stock price falling after the earnings report. The company is focusing on expanding its hash rate and infrastructure to boost its operational capacity.
