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Marathon Digital | 10-Q: Q2 2024 Earnings Report

Marathon Digital | 10-Q: Q2 2024 Earnings Report

Marathon Digital | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/02 04:47

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Marathon Digital Holdings reported Q2 2024 revenue of $145.1 million, up 78% year-over-year, driven by a 136% higher average bitcoin price despite reduced production post-halving. The company produced 2,058 bitcoins during the quarter, averaging 22.9 BTC per day, while operating at 31.5 EH/s hash rate capacity. However, net loss widened to $199.7 million from $9.0 million last year due to digital asset fair value adjustments.The company completed strategic acquisitions to expand operations, including a 200MW facility in Garden City, Texas for $96.8 million and made progress integrating previously acquired data centers. Cost per petahash improved 18.7% to $41.0 through increased capacity and efficiency gains. Marathon held 18,488 bitcoins valued at $1.16 billion as of quarter-end.Looking ahead, Marathon announced a full bitcoin holding strategy and purchased an additional $100 million in BTC post-quarter. The company maintains strong liquidity with $256 million cash and $1.18 billion in digital assets, while continuing facility expansions targeting 50 EH/s capacity. Management expects improved efficiency and reduced costs as operations scale, despite near-term halving impacts.
Marathon Digital Holdings reported Q2 2024 revenue of $145.1 million, up 78% year-over-year, driven by a 136% higher average bitcoin price despite reduced production post-halving. The company produced 2,058 bitcoins during the quarter, averaging 22.9 BTC per day, while operating at 31.5 EH/s hash rate capacity. However, net loss widened to $199.7 million from $9.0 million last year due to digital asset fair value adjustments.The company completed strategic acquisitions to expand operations, including a 200MW facility in Garden City, Texas for $96.8 million and made progress integrating previously acquired data centers. Cost per petahash improved 18.7% to $41.0 through increased capacity and efficiency gains. Marathon held 18,488 bitcoins valued at $1.16 billion as of quarter-end.Looking ahead, Marathon announced a full bitcoin holding strategy and purchased an additional $100 million in BTC post-quarter. The company maintains strong liquidity with $256 million cash and $1.18 billion in digital assets, while continuing facility expansions targeting 50 EH/s capacity. Management expects improved efficiency and reduced costs as operations scale, despite near-term halving impacts.
Marathon Digital Holdings報告了2024年第二季度營業收入爲14510萬美元,同比增長78%,主要是由於儘管在減半後產量減少,但比特幣平均價格提高了136%。該公司在本季度生產了2058個比特幣,日均22.9個,比特幣,同時以31.5 EH/s的算力運作。然而,淨虧損擴大至19970萬美元,去年爲900萬美元,這主要是由於數字資產公允價值調整。該公司完成了戰略收購,以擴展業務,包括在德克薩斯州花園城的一個200MW設施,耗資9680萬美元,並在整合之前收購的數據中心方面取得了進展。每petahash的成本通過提高產能和效率改善了18.7%,降至41.0美元。截止本季度末...展開全部
Marathon Digital Holdings報告了2024年第二季度營業收入爲14510萬美元,同比增長78%,主要是由於儘管在減半後產量減少,但比特幣平均價格提高了136%。該公司在本季度生產了2058個比特幣,日均22.9個,比特幣,同時以31.5 EH/s的算力運作。然而,淨虧損擴大至19970萬美元,去年爲900萬美元,這主要是由於數字資產公允價值調整。該公司完成了戰略收購,以擴展業務,包括在德克薩斯州花園城的一個200MW設施,耗資9680萬美元,並在整合之前收購的數據中心方面取得了進展。每petahash的成本通過提高產能和效率改善了18.7%,降至41.0美元。截止本季度末,Marathon持有18488個比特幣,估值爲11.6億美元。展望未來,Marathon宣佈了完整的比特幣持有策略,並在本季度後又購買了額外的10000萬美元比特幣。該公司保持強勁的流動性,現金爲25600萬美元,數字資產爲11.8億美元,同時繼續擴建設施,目標是達到50 EH/s的產能。管理層預計,儘管短期內減半影響,隨着運營規模的擴大,效率將改善,成本將減少。
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