Digital asset technology company Marathon Digital Holdings, Inc.(MARA) reported robust results for the quarter ended June 30, 2021. Growth in revenues was primarily responsible for the strong results. Following the results, shares of the company declined 2.8% in Friday’s trading session. However, it recovered all its losses and gained 3% to close at $33.87 in extended trade. Quarterly revenues stood at $29.3 million, up significantly from $286,000 in the same quarter last year. Further, the EPS of $0.21 compares favorably to a loss of $0.08 reported last year.
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Marathon Digital (NASDAQ:MARA)
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