Marathon Digital Holdings stock went slightly down even after the company reported a 452% revenue spike in the recent quarter
Marathon Digital Holdings recently announced its results for the quarter and full year ending on December 31 2023 after the market closed on February 28th. Both periods showed increases in revenue and earnings for Marathon.
Marathon Digital Holdings Earnings
In Q4, earnings came in at $151.8 Million, or 66 cents per share. This was a significant improvement from Q4 2022, when Marathon reported a net loss of $391.6 Million ($3.13 per share). Revenue increased by 229% to $388 Million for all of 2023. During Q4, revenue was $156.8 Million, up 452% compared to the prior year’s quarter.
The net loss reported in 2022 was $694 Million ($6.12 per share), but full-year earnings came in at $261.2 Million, or $1.06 per share, a tremendous swing. Despite the company-specific news that caused Marathon’s recent decline, On closer examination, the shares have
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