Marathon Digital: Bitcoin production in 2023 will be 12,852, an increase of 210%

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Cointime2024/02/28 23:50

By:Cointime

Marathon Digital has announced its fourth quarter and 2023 fiscal year results:

Bitcoin production in 2023 increased by 210%, reaching a record high of 12,852 coins;

Revenue in 2023 increased by 229%, reaching a record high of $388 million;

Net profit in 2023 increased to $261.2 million, or diluted earnings per share of $1.06;

Adjusted EBITDA in 2023 increased to $419.9 million;

As of December 31, 2023, Marathon's unrestricted cash, cash equivalents, and bitcoin totaled $997 million.

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