Marathon Digital (MARA) recently reported earnings for its second quarter of Fiscal Year 2022. Earnings per share came in at -$1.75, which significantly missed analysts' consensus estimate of -$0.07. In the past seven quarters, Marathon Digital has beat estimates only one time. The significant loss can be attributed to the fall of bitcoin's (BTC-USD) price, which led to a $127.6 million impairment charge, along with expenses related to the company's exit from the Hardin, MT facility. In addition, sales decreased 15% year-over-year, with revenue hitting $24.9 million compared to $29.3 million.
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Marathon Digital (NASDAQ:MARA)
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