Marathon Digital Holdings Inc (MARA)

[Ringrock]

Marathon Digital Reports Increase in Q2 Bitcoin Production Year-Over-Year
MT Newswires3 hours ago
07:23 AM EDT, 07/08/2022 (MT Newswires) -- Marathon Digital Holdings (MARA) said late Thursday it produced 707 self-mined bitcoins in Q2, compared with 654 bitcoins a year earlier.
The company said production was affected by energization delays in Texas, as well as maintenance to a Hardin, Montana power plant that supplies its local miners, in April and May, among other factors.
The company said that total bitcoin holdings in June reached 10,055 bitcoins, with a fair market value of $198.9 million, compared with 9,941 bitcoins in May.
The company said it produced 1,966 bitcoins in the first six months of the year, a 132% increase compared with the same period a year earlier.
Marathon Digital's (MARA) stock price declined 3.4% in recent pre-market trading on Friday. The recent price of bitcoin was up 5.1% to $21,522.03.
Price: 6.77, Change: -0.24, Percent Change: -3.42
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