Mining Firm Marathon Digital Mines 2,811 Bitcoins in Q1
Bitcoin miner Marathon Digital (MARA) missed revenue expectations in the first quarter due to operational challenges in the first quarter, as the miner only mined 2,811 bitcoins in the first quarter of the year, down 34 percent from the previous quarter. Shares of the miner were down about 1.5 percent in after-hours U.S. trading on Thursday. The miner said in a statement that bitcoin production as well as revenue in the quarter was negatively impacted by unexpected equipment failures, transmission line maintenance and higher than expected weather-related power restrictions in Garden City and other locations during the quarter.
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