🔴 Marathon Digital Holdings is trading 4.05% down today after $611.3 million second-quarter net loss

Marathon Digital Holdings is trading 4.05% down at $9.25 after investors continued reacting to weak second-quarter results.

• Revenue fell 27% year over year to $174.9 million.
• The company posted a $611.3 million net loss and negative adjusted EBITDA.
• Bitcoin is nearly unchanged since August 12, while major indexes are higher, indicating company-specific earnings pressure is outweighing broader market support.