{"id":47669,"date":"2021-08-13T17:16:47","date_gmt":"2021-08-13T14:16:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47669"},"modified":"2025-09-01T22:29:08","modified_gmt":"2025-09-01T19:29:08","slug":"marathon-digital-holdings-revenues-jump-220","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/marathon-digital-holdings-revenues-jump-220\/","title":{"rendered":"Marathon Digital Holdings&#8217; revenues jump 220%"},"content":{"rendered":"<p>The Nasdaq-listed mining company Marathon Digital Holdings disclosed its results for the second quarter of 2021. Revenue for the quarter rose 220% to $29.3 million.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Revenues Increase 220% Q2 over Q1 2021 and 10,147% Year-over-Year to $29.3 Million with Non-GAAP Income from Operations of $20.1 Million <a href=\\\"https:\/\/twitter.com\/search?q=%24MARA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$MARA<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a> <a href=\\\"https:\/\/t.co\/RKuF9ndBqB\\\">https:\/\/t.co\/RKuF9ndBqB<\/a><\/p>\n<p>\u2014 Marathon Digital Holdings (@MarathonDH) <a href=\\\"https:\/\/twitter.com\/MarathonDH\/status\/1426152772794261506?ref_src=twsrc%5Etfw\\\">August 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>During the period the company mined 654 BTC, and since the start of the year \u2014 846 BTC. The company holds 5,784 BTC in wallets, which Marathon valued at $201.6 million.<\/p>\n<p>The total number of ASIC devices deployed by the company reached 19,395. Their aggregate hash rate stands at 2.09 EH\/s.<\/p>\n<p>For the quarter, non-GAAP operating income was $20.1 million, or $0.21 per share. The metric excludes depreciation of equipment, losses from the decline in the price of mined cryptocurrency, and server maintenance contracts. <\/p>\n<p>Also excluded from the calculations was the change in the fair value of the company&#8217;s investment fund, which in January 2021 <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-invests-150-million-in-bitcoin\">acquired 4,812 BTC for about $150 million<\/a>. For the first half of the year, the value of its assets rose by $16.9 million, while in Q2 it fell by $114.9 million.<\/p>\n<p>As of July 30, cash and cash equivalents on the company&#8217;s balance sheet stood at $170.6 million. Total liquidity, which Marathon defines as cash and cryptocurrency reserves, rose to $366.5 million.<\/p>\n<p>Marathon&#8217;s shares rose on the report. The securities closed the August 12 trading session down 3.81%, but at the time of writing they were trading near $35.50 (+6%).<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"675\\\" height=\\\"486\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/mara-1.png\\\" alt=\\\"\u0414\u043e\u0445\u043e\u0434\u044b \u043c\u0430\u0439\u043d\u0438\u043d\u0433\u043e\u0432\u043e\u0439 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 Marathon \u0432\u044b\u0440\u043e\u0441\u043b\u0438 \u043d\u0430 220%\\\" class=\\\"wp-image-145756\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/mara-1.png 675w, https:\/\/u1f987.com\/wp-content\/uploads\/mara-1-300x216.png 300w\\\" sizes=\\\"auto, (max-width: 675px) 100vw, 675px\\\" \/><figcaption>\u0414\u0430\u043d\u043d\u044b\u0435: Google.<\/figcaption><\/figure>\n<p>On July 22, Fidelity Investments acquired a stake in Marathon Digital Holdings. Forbes valued the deal at $20 million.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq-listed mining company Marathon Digital Holdings disclosed its results for the second quarter of 2021. Revenue for the quarter rose 220% to $29.3 million.<\/p>\n","protected":false},"author":1,"featured_media":47670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1185,26],"class_list":["post-47669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-marathon-digital-holdings","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=47669"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47669\/revisions"}],"predecessor-version":[{"id":47671,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47669\/revisions\/47671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47670"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}