Marathon Digital and Coinbase Global both report strong revenue growth and profitability in Q4

From Nasdaq:

1. Marathon Digital saw a 452% year-over-year revenue increase to $156.8 million in Q4 2023, producing a record 4,242 bitcoins. It turned a profit of $151.8 million, with $213.6 million from gains on digital assets. However, sustained profitability might be challenging due to high cost of revenue.

2. Coinbase Global reported a 52% revenue increase to $953.8 million in Q4 2023, with net income of $273.4 million. Improved financials resulted from cost structure enhancements. With shares up 380% in the past year, Coinbase can be a safer crypto investment option amid bullish market sentiments.



Read more at Nasdaq: These 2 Crypto Stocks Are Growing Fast — and They’re Profitable, Too