Marathon Digital Posts $200 Million Quarterly Loss Amid Bitcoin Mining Sector Woes
Bitcoin miner Marathon Digital Holdings reported a significant loss for the second quarter of this year, citing the impact of Bitcoin’s halving event on its operations as rivals posted similar results. The Fort Lauderdale, Florida, firm faced a substantial net loss and decreased Bitcoin production amid rising operational challenges, according to its latest quarterly figures. The Bitcoin halving event in April, which typically occurs approximately every four years, effectively slashed the reward...