Marathon Digital’s Record Q4 Revenue Amid Bitcoin Volatility
- Marathon Digital reported a record-high Q4 revenue of $214 million.
- The company saw a 37% increase over its Q4 2023 performance.
- Marathon tripled its energy capacity to 1.7 gigawatts in 2024.
- Coinbase’s SEC lawsuit was dismissed, with shares closing at $208.37.
- Hut 8 will report full-year results on March 3, focusing on the Vega Project.
Despite Marathon Digital’s impressive Q4 revenue of $214 million and increased energy capacity, analysts remain cautious due to Bitcoin’s unpredictable price fluctuations. Meanwhile, Coinbase saw its SEC lawsuit dismissed, but share prices showed limited reaction.
Source (2.6)https://decrypt.co/308342/public-keys-coinbase-wins-marathon-prints-bitcoin-choppy-waters?rand=52368
