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Marathon Digital Faces Operational Challenges and Lower Revenue in Q1

Bitcoin mining company Marathon Digital (MARA) reported lower-than-expected first-quarter revenue due to operational challenges. The company mined 2,811 bitcoin during the quarter, a 34% decrease from the previous quarter. Marathon attributed the decline to equipment failures, transmission line maintenance, and weather-related curtailments. Despite missing revenue expectations, the company reported

By The Big Whale