4 unchanged sentences
impairment of the value and use of our mining rigs.
−Removed: the fourth quarter of 2022, the per coin price of bitcoin reached a low of approximately $15,500 from a high of high of almost
−Removed: $21,500 earlier in the quarter.
−Removed: This decrease in the price of bitcoin combined with the general market sentiment caused in
−Removed: large part by the FTX collapse and various bitcoin company related bankruptcies and restructurings led to a material decline in the
−Removed: fair value of our mining rigs and deposits for future mining rig purchases.
−Removed: As a result, we recorded an impairment charge of
−Removed: $332,933 thousand on these assets during that period, although operations were unaffected and continued throughout.
−Removed: future decreases in the value of bitcoin could cause us to record additional impairments in the value of these and future mining rig
+Added: the fourth quarter of 2022, the per coin price of bitcoin reached a low of approximately $15,500 from a high of almost $21,500 earlier
+Added: in the quarter.
+Added: This decrease in the price of bitcoin, combined with the general market sentiment caused in large part by the FTX collapse
+Added: and various bitcoin company related bankruptcies and restructurings, led to a material decline in the fair value of the Company’s
+Added: mining rigs and deposits for future mining rig purchases.
+Added: As a result, the Company recorded an impairment charge of $332,933 on these
+Added: assets during that period, although operations were unaffected and continued throughout the period in question.
+Added: Furthermore, future decreases
+Added: in the value of bitcoin could cause the Company to record additional impairments in the value of these and future mining rig assets.
addition, if bitcoin prices dropped to levels below that experienced in 2022 and held at those levels for a significant period of time,
−Removed: it could impact our profitability to the point that we would have to consider whether there would be less diminution of value if we were
−Removed: to leave certain of our miners to idle until the price of bitcoin recovered.
−Removed: Theoretically, there is a minimum bitcoin price that is
−Removed: so low that Marathon would want to turn off its miners.
−Removed: However, this is a complex projection involving multiple ever-changing, dynamic
−Removed: Marathon has multiple mining sites and hosting partners, all with different hosting prices, electricity prices, and contract
−Removed: These costs, some fixed and some variable, would need to be compared to the current revenue being produced by the miners.
+Added: it could impact the Company’s profitability to the point that the Company would have to consider whether there would be less diminution
+Added: of value if the Company were to leave certain of its mining rigs to idle until the price of bitcoin recovered.
+Added: Theoretically,
+Added: there is a minimum bitcoin price that is so low that Marathon would want to turn off its mining rigs.
+Added: However, this is a complex projection
+Added: involving multiple ever-changing, dynamic variables.
+Added: Marathon has multiple mining sites and hosting partners, all with different hosting
+Added: prices, electricity prices, and contract structures.
+Added: These costs, some fixed and some variable, would need to be compared to the current
+Added: revenue being produced by the mining rigs.
Unregistered Sales of Equity Securities and Use of Proceeds.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.