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Marathon Digital (NASDAQ:MARA) stock dropped 9% in Wednesday after-hours trading even after posting Q4 earnings that improved sequentially driven by a combination of increased bitcoin (BTC-USD) production and its adoption of the new fair-value accounting rules.
The bitcoin (BTC-USD) miner expects to grow its hash rate to 35 to 37 exahash in 2024. By the end of 2025, it plans to land at 50 exahash, about double its current mining capacity.
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