Bitcoin (BTC) Miner Marathon (MARA) Outperforms Peers Ahead of Possible ‘Strong’ Earnings

“We expect the company will report a strong acceleration in Q/Q revenue growth due to a nearly 50% increase in avg BTC price from 3Q23. Additionally, transaction fees have been markedly higher in 4Q23, making up about 11% of miner rewards, from just 2% in 3Q23,” Petersen said.