I just looked at Marathon's quarterly results and it’s truly impressive. Revenue dropped by 6% to $202.3 million, and the company recorded a loss of $1.7 billion for the last quarter. The reason is simple — Bitcoin mining has decreased, plus the average value of mined coins has fallen.



For those thinking about investing in a bitcoin mining company, this is a signal that even major players are feeling the pressure. It’s clear how difficult it is to be a miner right now — energy costs, competition, price volatility. Marathon is still one of the biggest players, but the results show that even they are struggling.

It’s interesting to watch how events will unfold further. Will bitcoin mining companies be able to regain their positions when the market stabilizes? So far, the numbers are not very encouraging.
BTC-0.3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin