🔴 Marathon Digital Holdings is trading 4.37% down today after disappointing Q2 results

Marathon Digital Holdings is trading 4.37% down at $10.19 after investors continued selling following the August 6 second-quarter earnings release.

• Revenue fell 27% year over year to $174.9 million, missing expectations.
• The company reported a $611.3 million net loss and a $343 million digital-asset mark-to-market loss.
• Bitcoin is up 0.78% since the August 6 close, so cryptocurrency weakness does not explain today’s decline; the drop appears primarily company-specific despite the planned AI-infrastructure pivot.