BTC miner Marathon Digital records $686M loss in 2022, revenue down 58%
Marathon Digital was dealt a blow by the BTC price decline towards the end of 2022, with an impairment charge on the carrying value of its mining rigs hitting $332 million.
Marathon Digital was dealt a blow by the BTC price decline towards the end of 2022, with an impairment charge on the carrying value of its mining rigs hitting $332 million.
The block reward mining company agreed to stock unit awards with former CEO Merrick Okamoto who stepped down last year and was replaced by Fred Thiel.