MARA Reports 64% Q2 Revenue Increase, Pushes Bitcoin Hyper to Soar

Description

Bitcoin mining giant Marathon Digital Holdings (MARA) has exceeded Wall Street expectations with a 64% year-over-year revenue increase to $239M, coupled with a remarkable 505% surge in net income. Such success is mainly due to its aggressive Bitcoin accumulation. A $1.2B unrealized gain from BTC’s 31% Q2 rally contributed to MARA’s profit of over $808M —a remarkable recovery compared to its staggering $200M loss in Q2 2024 . As MARA expands its Bitcoin mining technology and leverages the #1 cryp...