Marathon Digital Holdings Inc.’s second-quarter loss narrowed and revenue jumped as the Bitcoin miner increased sales of the cryptocurrency in the aftermath of a rebound in prices.
The Las Vegas-based company’s net loss narrowed to $19.13 million, or 13 cents a share, from $212.6 million, or $1.94, in the year-earlier period. Revenue more than tripled to $81.8 million, but was below the $83.45 million estimate of analysts surveyed by Bloomberg.
