Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Marathon Digital: Revenue will increase by 229% to US$388 million in 2023, and Bitcoin production will exceed 12,800

Marathon Digital: Revenue will increase by 229% to US$388 million in 2023, and Bitcoin production will exceed 12,800

CointimeCointime2024/02/29 04:51
By:Cointime

Marathon Digital released its fourth quarter and 2023 financial results, as follows:

Bitcoin production is expected to increase by 210% in 2023, reaching 12,852 coins;

Revenue is expected to increase by 229% in 2023, reaching $388 million;

Net profit is expected to increase to $261.2 million in 2023, with diluted earnings per share of $1.06;

Adjusted EBITDA is expected to increase to $419.9 million in 2023; as of December 31, 2023, Marathon's unrestricted cash, cash equivalents, and bitcoin totaled $997 million.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x CNPY: Trade to share 75,000 USDC

Bitget Announcement2026/09/08 13:00

New spot margin trading pair — CP/USDT, SOPH/USDT!

Bitget Announcement2026/09/08 11:00

Futures elite trader leaderboard fully upgraded

Bitget Announcement2026/09/08 03:06

Bitget to list Pons (PONS)

Bitget Announcement2026/09/07 11:00