Marathon’s report didn’t meet the analytics’ forecasts

184
Elena Klimovich

13:57 09/08/2022

184
Marathon’s report didn’t meet the analytics’ forecasts

Profit indicators of one of the biggest world miners Marathon Digital occurred according to the report much lower than expected. Thus instead of planned revenue of $38.8 from BTC-mining the company demonstrated $24.9 only.

It is expected that the prospect of rising stock market rates that occurred last week would disappear because the declining of incomes in comparison to the same period of the last year has doubled. Shares have begun the fall at the pre-market already. Net loss of the company has increased almost twice by $191.6 billions.

The head of Marathon Digital explained that the current situation is the result of bureaucratic processes and force-majeure circumstances. Such as the storm in Montana and the expectation of signing documents about tax benefits.

The company insists that it has the plan of developing and is going to reach 23.3 EH/s in one year.


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