Marathon announced a 467% increase in Bitcoin production year-on-year in the third quarter, while hashrate rose over 400% in the same timeframe. Bitcoin mining firm Marathon Digital Holdings saw its revenue surge 670% year-on-year in the third quarter of 2023, amid a nearly five-fold increase in Bitcoin production. The results saw Marathon also swing to…
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Michael Saylor founded MicroStrategy has bought 6,067 Bitcoin since the start of the third quarter. Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds. The Michael Saylor-founded firm added 6,067 Bitcoin (BTC) since the third quarter,…
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A one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023. Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (BTC) investment strategy after turning its first quarterly profit since 2020. The Michael Saylor-founded firm went back into the green in the first quarter…
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Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023. Meta suffered a nearly $4 billion loss from its metaverse unit with Reality Labs in what was otherwise a solid first quarter for the Mark Zuckerberg-led social media empire which posted a final profit of $5.7 billion. While the $4 billion loss follows a…
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