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News Explorer — Marathon Digital Holdings Reports $200 Million Loss in Q2, Citing Post-Halving Slump

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Aug 2, 1:19 am
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Marathon Digital Holdings Reports $200 Million Loss in Q2, Citing Post-Halving Slump

Marathon Digital Holdings, a Bitcoin miner, reported a significant loss for the second quarter of this year due to the impact of Bitcoin's halving event on its operations. The company faced operational challenges and a decrease in Bitcoin production, leading to a net loss of $199 million. Despite an increase in revenue, the lower production volumes and fair value losses outweighed the gains.

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