Marathon Reports Record $835K Quarterly Mining Revenue, Increased Bitcoin Holdings
Marathon is holding more bitcoin on its balance sheet than ever before.
Mining companies are soaring as bitcoin hits record highs.
Mining hardware manufacturer Canaan Creative reported a Q3 net loss that is more than quadruple its Q2 loss.
Hive shares have gained over 1,200% in 2020 and trade near $1.22 over the counter.
Shares of the mining company surged to $6.60 Friday.
Over 50% of Bitcoin's hashrate now supports the "uncontroversial" upgrade.