Reflecting those disappointing Q2 results, the Cowen team lowered its 2022 revenue estimate for Marathon to $150 million from $204 million, now below consensus forecasts for $189 million. Cowen also dropped its expectations for adjusted EBITDA to $39 million from $86 million, and mining profit to $91 million with 61% margin, down from $132 million and a 64.7% margin.
Source: https://www.coindesk.com/business/2022/08/23/bitcoin-miner-marathon-digital-targets-trimmed-at-cowen/?utm_medium=referral&utm_source=rss&utm_campaign=headlines