Analysts predicted a threefold increase in Marathon Digital revenueAt the end of the fourth quarter of 2022, the revenue of the mining firm Marathon Digital will amount to $38.4 million. This forecast was given by the analytical company FactSet, reports The Block.
According to experts, the figure may be three times higher than in the third quarter, but less than for the same period last year ($60.3 million).
Marathon posted a net loss of $24 million compared to $75.4 million three months earlier, analysts said.
The company postponed its scheduled financial data release on Feb. 28 because it miscalculated the depreciation of its digital assets and bitcoin mining pool revenue from the end of 2021.
As a reminder, Marathon Digital sold 1,500 BTC in January 2023 to cover some of its expenses.
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