MARA swings to Q2 loss as Bitcoin’s slump masks higher output

Bearish-34.37%

7 Aug, 02:17

Source: Cointelegraph

AI Summary

Marathon Digital (MARA) reported a Q2 loss despite achieving its highest quarterly Bitcoin production in over a year, as a 28% decline in Bitcoin's average price overshadowed the operational gains.

MARA swings to Q2 loss as Bitcoin’s slump masks higher output

Bitcoin miner MARA posted its highest quarterly Bitcoin production in over a year, but was overshadowed by a 28% decline in the average price of Bitcoin.