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impairment – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Wed, 01 Mar 2023 01:13:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png impairment – DIGIT INFO https://www.digit.info 32 32 Marathon Digital bungles crypto impairment sums, will reissue financials https://www.digit.info/marathon-digital-bungles-crypto-impairment-sums-will-reissue-financials/ Wed, 01 Mar 2023 01:13:55 +0000 https://www.digit.info/2023/03/01/marathon-digital-bungles-crypto-impairment-sums-will-reissue-financials/

The Bitcoin miner received a letter from the SEC on Feb. 22 which highlighted accounting mistakes it made on multiple financial disclosures.

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]]> Marathon Digital Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY https://www.digit.info/marathon-digital-posts-negative-q2-results-but-increases-bitcoin-production-8-yoy/ Tue, 09 Aug 2022 11:30:54 +0000 https://www.digit.info/2022/08/09/marathon-digital-posts-negative-q2-results-but-increases-bitcoin-production-8-yoy/ Read more]]> Marathon DigitalMarathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year. The company revealed that even having increased its production by 8% when compared to Q2 2021, it recorded an impairment of $127.6 million on bitcoin holdings due to the fall […]

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