MARA Shares Jump as Q2 Revenue Beats Wall Street's Expectations Thanks to Surging BTC Price

Description

Bitcoin miner MARA Holdings (MARA) shares jumped nearly 4% in post-market trading after the company posted record revenue for its second quarter, beating Wall Street's expectations. MARA reported revenue of $238.5 million, a 64% rise from $145.1 million in the same quarter a year ago, according to an earnings presentation . The mining firm said the increase was primarily due to a 50% rise in the average bitcoin price during the quarter. MARA's revenue also beat the average analyst estimate of $2...