NASDAQ$MARA
Marathon Digital Holdings Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Marathon Digital's revenue increased by 78% to $145.1 million, but a fair market value loss of $148.0 million resulted in a net loss of $199.7 million.
Marathon Digital reported a 78% increase in revenue to $145.1 million for Q2 2024. However, the company experienced a net loss of $199.7 million due to a $148.0 million fair market value loss. The company produced 2,058 BTC, averaging 23 BTC per day.
- Revenue increased 78% to $145.1 million compared to Q2 2023.
- Net loss increased to $199.7 million, or $0.72 loss per diluted share.
- Adjusted EBITDA decreased to a loss of $85.1 million.
- Installed hash rate reached an all-time high of 31.5 exahash.
Headline financials
Revenue & EPS history
Marathon Digital · Revenue · Quarterly
$145M
Forward guidance
Marathon Digital is targeting 50 exahash of energized hash rate by the end of 2024 with additional growth in 2025.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-1.2%
Avg return
Earnings day
+5.3%
Avg return
5 days after
+1.8%
Avg return
30 days after
44%
24 / 55 earnings
Positive
+21.6%
Q3 2015
Best reaction
-17.2%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | -4.0% | -3.4% | |
| Q4 2025 | -8.3% | +9.9% | -5.1% | |
| Q3 2025 | +4.2% | -6.3% | -29.4% | |
| Q1 2025 | +10.6% | +11.1% | +10.4% | |
| Q4 2024 | +5.5% | +12.2% | +0.2% | |
| Q3 2024 | -13.2% | -15.8% | -9.7% | |
| Q2 2024 | -12.6% | -12.3% | -15.1% | |
| Q1 2024 | -14.6% | -10.1% | -4.1% | |
| Q4 2023 | -14.5% | -15.2% | -25.5% | |
| Q3 2023 | +0.5% | +0.0% | +82.8% | |
| Q2 2023 | +2.9% | -1.3% | -18.0% | |
| Q1 2023 | -6.9% | +1.7% | +0.0% | |
| Q4 2022 | +15.2% | +25.1% | +68.8% | |
| Q3 2022 | -8.5% | -7.0% | -48.7% | |
| Q2 2022 | -0.4% | +28.7% | -17.6% | |
| Q1 2022 | -5.2% | -28.0% | -47.6% | |
| Q4 2021 | +6.0% | -10.0% | +10.3% | |
| Q3 2021 | -7.1% | -27.2% | -46.9% | |
| Q2 2021 | -2.4% | -9.0% | +5.6% | |
| Q1 2021 | -17.2% | -26.3% | -16.6% | |
| Q4 2020 | +0.2% | -0.1% | -2.2% | |
| Q3 2020 | +2.6% | +33.0% | +103.9% | |
| Q2 2020 | +4.8% | -11.5% | -49.3% | |
| Q1 2020 | +8.1% | +9.5% | +25.7% | |
| Q4 2019 | +0.0% | -3.8% | -19.2% | |
| Q3 2019 | -5.3% | -14.3% | -17.3% | |
| Q2 2019 | +0.5% | -2.4% | -20.1% | |
| Q1 2019 | +19.0% | +13.4% | -24.3% | |
| Q4 2018 | -12.3% | -8.8% | +36.0% | |
| Q3 2018 | -5.7% | -4.3% | -35.7% | |
| Q2 2018 | -7.3% | -7.3% | -10.4% | |
| Q1 2018 | -8.2% | -11.6% | -21.8% | |
| Q4 2017 | -3.3% | -4.7% | -6.7% | |
| Q3 2017 | +2.2% | +328.1% | +310.1% | |
| Q2 2017 | +4.0% | +24.0% | +44.0% | |
| Q1 2017 | -8.1% | -27.0% | -51.4% | |
| Q4 2016 | +5.2% | -5.2% | -44.3% | |
| Q3 2016 | +1.7% | -15.2% | -33.9% | |
| Q2 2016 | -0.3% | -3.3% | -4.9% | |
| Q1 2016 | +14.1% | — | — | |
| Q4 2015 | -2.9% | — | — | |
| Q3 2015 | +21.6% | — | — | |
| Q2 2015 | -13.7% | — | — | |
| Q1 2015 | +7.9% | — | — | |
| Q4 2014 | -4.1% | — | — | |
| Q3 2014 | +3.6% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q2 2014 | -6.9% | — | — | |
| Q3 2013 | +0.9% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | -2.2% | — | — | |
| Q4 2012 | -12.5% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | -1.9% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q2 2010 | — | — | — |
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