Bitcoin miner MARA reported a net loss of $1.7 billion in Q4 2025, with its stock down 46% in the past six months

According to CoinTelegraph, MARA Holdings (MARA) reported a net loss of $1.31 billion for the full year of 2025, compared to a net profit of $541 million in 2024, despite its revenue increasing from $656.4 million to $907.1 million.

The company posted a net loss of $1.71 billion in the fourth quarter, with a diluted loss per share of $4.52, while the same period last year saw a net profit of $528.3 million, or a diluted earnings per share of $1.24.

In terms of production, MARA mined a total of 8,799 bitcoins in 2025, with 2,011 bitcoins mined in the fourth quarter. As of the end of 2025, it held 53,822 bitcoins.

The company stated that its fourth-quarter net income was impacted by a negative change of $1.5 billion in the fair value of digital assets and digital asset receivables. MARA's stock has fallen 46% over the past six months.