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August 13 , 2021 MARA ™ Marathon Digital Holdings Reports Second Quarter 2021 Results Revenues Increase 220 % Q2 over Q1 2021 and 10,147 % Year - over - Year to $ 29.3 Million with Non - GAAP Income from Operations of $ 20.1 Million LAS VEGAS , Aug. 13 , 2021 ( GLOBE NEWSWIRE ) -- Marathon Digital Holdings , Inc. ( NASDAQ : MARA ) ( " Marathon " or " Company " ) , one of the largest enterprise Bitcoin self- mining companies in North America , reported financial results for the second quarter ended June 30 , 2021 . Second Quarter and Recent Financial Highlights • Increased total revenue to $ 29.3 million , a 220 % increase from $ 9.2 million in the first quarter of 2021 and a 10,147 % increase year - over - year from $ 286,000 in the second quarter of 2020 • Produced 654 newly minted bitcoins in the second quarter of 2021 ; as of June 30 , 2021 , produced 846 newly minted bitcoins in 2021 • Marathon's investment fund , which purchased 4,812.66 BTC for approximately $ 150 million in January 2021 , increased in fair value by $ 16.9 million during the first six months of 2021 • Non - GAAP income from operations * , which excludes the impact of depreciation and amortization of fixed assets , impairment losses on mined cryptocurrency , server maintenance contract amortization , and stock compensation expense , was $ 20.1 million , or $ 0.21 per diluted share • As of June 30 , 2021 , cash and cash equivalents was $ 170.6 million and total liquidity , defined as cash and bitcoin holdings , was approximately $ 366.5 million * Non - GAAP income from operations does not include the change in fair value of the Company's investment fund , which purchased 4,812.66 BTC for approximately $ 150 million in January 2021 . Second Quarter and Recent Bitcoin Mining Highlights • Increased the number of total miners deployed to 19,395 miners , which could generate approximately 2.09 EH / s as of June 30 , 2021 • As of June 30 , 2021 , held approximately 5,784 bitcoins , each of which had a market price of approximately $ 34,856 ; as a result , the approximate fair market value of Marathon's bitcoins held as digital currencies was approximately $ 201.6 million Second Quarter and Recent Corporate Highlights • Strengthened management team by appointing Fred Thiel to chief executive officer as