Bitcoin Miner Marathon’s Loss Widened as Coin Prices Tumbled

Marathon Digital Holdings Inc.’s second-quarter loss widened as the price of Bitcoin tumbled and costs related to the exit of a Montana facility climbed.

The net loss for Las Vegas-based miner in the three months ended June 30 was $191.6 million, or $1.75 a share, compared with $108.9 million, or $1.09, a year earlier. Bitcoin’s price fell 59% in the second quarter. Revenue dropped about 15% to $24.9 million.