Marathon Digital’s (MARA) third quarter earnings per share of $0.85 beat the consensus analyst estimate of $0.43, while its revenue of $51.7 million missed the estimate of $67.4 million, according to FactSet.The company’s third quarter revenue rose over 6,000% year-over-year, according to a statement.Marathon mined 1,252 bitcoin in the third quarter, which was a 91% increase … [Read more...] about Marathon Digital Beats Q3 Earnings Estimate, but Misses on Revenue
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Bitcoin bulls give ‘conservative’ 10-year estimate for hyperbitcoinization to hit
Bitcoin (BTC) may be just 10 years away from seeing mass adoption in an event known as "hyperbitcoinization."That's according to participants of the Bitcoin 2021 conference in Miami, who on June 4 delivered surprisingly optimistic verdicts on when hyperbitcoinization will come.Bitcoin could be unit of account by 2031Speaking on a panel, The Bitcoin Standard author Saifedean … [Read more...] about Bitcoin bulls give ‘conservative’ 10-year estimate for hyperbitcoinization to hit
Bitcoin’s carbon footprint hard to estimate
The debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective on the subject. In an opinion piece written by Noah Smith, a former assistant finance professor turned columnist, took aim at the Bitcoin (BTC) mining industry in March, suggesting that the constantly growing energy … [Read more...] about Bitcoin’s carbon footprint hard to estimate