November 22, 2024

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Marathon Digital sees 670% revenue gain in Q3 as Bitcoin production surges

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Marathon Digital sees 670% revenue gain in Q3 as Bitcoin production surges

Bitcoin mining firm Marathon Digital Holdings saw its revenue surge $670% year-on-year in the third quarter of 2023, amid a nearly five-fold increase in Bitcoin production.

The results saw Marathon also swing to a quarterly profit, with $64.1 million of net income in the third quarter,