Bitcoin miner MarathonDH beat analyst earnings and revenue estimates for Q1 as production increased, but it has received another subpoena from SECGov for related party transactions. egreechee reports.
Marathon Digital Holdings , one of the largest publicly traded crypto miners in North America, reported a narrower-than forecast first-quarter loss per share as a rising bitcoin price and increased production helped lift the Florida-based company back toward profitability.
The company also said it received another subpoena from the U.S. Securities and Exchange Commission , which is looking into related-party transactions, among other things, that may have violated federal securities law. The company said it is cooperating with the investigation. Marathon posted a net loss of $0.05 per share compared with an average estimate of $0.08 according to FactSet data. The loss narrowed from the
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