You are currently viewing Bitcoin Miner Marathon Digital Targets Trimmed at Cowen

Bitcoin Miner Marathon Digital Targets Trimmed at Cowen



Reflecting those disappointing Q2 results, the Cowen team lowered its 2022 revenue estimate for Marathon to $150 million from $204 million, now below consensus forecasts for $189 million. Cowen also dropped its expectations for adjusted EBITDA to $39 million from $86 million, and mining profit to $91 million with 61% margin, down from $132 million and a 64.7% margin.



Source link

Leave a Reply