Marathon Digital: Revenue will increase by 229% to US$388 million in 2023, and Bitcoin production will exceed 12,800
Marathon Digital released its fourth quarter and 2023 financial results, as follows:
Bitcoin production is expected to increase by 210% in 2023, reaching 12,852 coins;
Revenue is expected to increase by 229% in 2023, reaching $388 million;
Net profit is expected to increase to $261.2 million in 2023, with diluted earnings per share of $1.06;
Adjusted EBITDA is expected to increase to $419.9 million in 2023; as of December 31, 2023, Marathon's unrestricted cash, cash equivalents, and bitcoin totaled $997 million.
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