Marathon Digital Q3 Earnings Top Consensus As Bitcoin Production Climbs

Seekingalpha2023-11-09

Marathon Digital Holdings (NASDAQ: MARA) turned in Q3 earnings that exceeded Wall Street estimates as expenses sank and the amount of bitcoins (BTC-USD) mined during the quarter increased markedly.The...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2382823497?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-09 10:28","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2382823497","market":"us","top_or_hot":-1,"title":"Marathon Digital Q3 Earnings Top Consensus As Bitcoin Production Climbs","media":"Seekingalpha","content":"<div>\n<p>Marathon Digital Holdings (NASDAQ: MARA) turned in Q3 earnings that exceeded Wall Street estimates as expenses sank and the amount of bitcoins (BTC-USD) mined during the quarter increased markedly.The...</p>\n\n<a href=\"https://seekingalpha.com/news/4033509-marathon-digital-q3-earnings-top-consensus-as-bitcoin-production-climbs\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marathon Digital Q3 Earnings Top Consensus As Bitcoin Production Climbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarathon Digital Q3 Earnings Top Consensus As Bitcoin Production Climbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-09 10:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4033509-marathon-digital-q3-earnings-top-consensus-as-bitcoin-production-climbs><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Marathon Digital Holdings (NASDAQ: MARA) turned in Q3 earnings that exceeded Wall Street estimates as expenses sank and the amount of bitcoins (BTC-USD) mined during the quarter increased markedly.The...</p>\n\n<a href=\"https://seekingalpha.com/news/4033509-marathon-digital-q3-earnings-top-consensus-as-bitcoin-production-climbs\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MARA","symbol_name":"MARA Holdings","start_time":0,"source_url":"https://seekingalpha.com/news/4033509-marathon-digital-q3-earnings-top-consensus-as-bitcoin-production-climbs","article_id":"2382823497","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2382823497","pubTimestamp":1699496915,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Marathon Digital Holdings  turned in Q3 earnings that exceeded Wall Street estimates as expenses sank and the amount of bitcoins  mined during the quarter increased markedly.The company expects to reach 26 exahashes per second of mining capacity by the end of this year, and sees its hashrate growing by about 30% next year.Q3 GAAP EPS of $0.36, vs. average analyst estimate, rose from -$0.13 in Q2 and from -$0.62 in the year-earlier period.Total revenue of $97.8M, missing the $99.7M consensus, adv","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MARA":"MARA Holdings"},"translate_title":"随着比特币产量攀升，马拉松数字第三季度收益成为共识","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MARA":1},"content_text":"Marathon Digital Holdings (NASDAQ: MARA) turned in Q3 earnings that exceeded Wall Street estimates as expenses sank and the amount of bitcoins (BTC-USD) mined during the quarter increased markedly.The company expects to reach 26 exahashes per second of mining capacity by the end of this year, and sees its hashrate growing by about 30% next year.Q3 GAAP EPS of $0.36, vs. average analyst estimate, rose from -$0.13 in Q2 and from -$0.62 in the year-earlier period.Total revenue of $97.8M, missing the $99.7M consensus, advanced from $81.8M in Q2 and from $12.7M in Q3 2022.MARA edged up nearly 5% in after-hours trading.Total operating expanses fell to $306K from $5.50M in Q2 and from $16.6M a year ago.Adjusted EBITDA jumped to $43.7M from $25.6M in the prior quarter and from -$6.08M in Q3 of last year.During the quarter, MARA produced 3,490 bitcoins (BTC-USD), compared with the 2,926 tokens generated in Q2 and 616 in Q3 2022. Installed hashrate of 23.1 EH/s vs. 21.8 EH/s in Q2 and 3.8 EH/s in Q3 2022.Earlier, Marathon Digital Holdings (MARA) GAAP EPS of $0.36 beats by $0.49, revenue of $97.85M misses by $1.85M.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2382823497"}