MARA Holdings Q2 revenue was 175 million USD, a year-on-year decrease of 27%, with a net loss of 611 million USD

MARA Holdings, a Bitcoin mining company, announced its Q2 2026 financial report, with revenue of $175 million, a decrease of 27% year-on-year; a net loss of $611 million, equating to a loss of $1.60 per share, compared to a net profit of $808 million in the same period last year; adjusted EBITDA loss of $361 million, compared to a profit of $1.245 billion in the same period last year. As of the end of the quarter, the company held 35,577 Bitcoins (including those lent and pledged), a decrease of 29% from 49,951 Bitcoins in the same period last year; energized hash rate reached 70.3 EH/s, an increase of 22% year-on-year.

In this quarter, the company produced 2,422 Bitcoins, a year-on-year increase of 3%, with a total of 700 block rewards. At the end of the quarter, the company held unrestricted cash and Bitcoin with a total value of approximately $2.5 billion. During the period, the company reached a strategic joint venture with Starwood to acquire Long Ridge energy assets (with a potential capacity of over 1 GW) and signed a site purchase agreement for 2 GW in Matagorda County, Texas, raising the total potential capacity portfolio to approximately 4.8 GW. The company also announced the establishment of a new credit line of $100 million, using 18,750 Bitcoins as initial collateral. MARA is accelerating its transition from a pure Bitcoin mining company to an operator of AI and high-performance computing digital infrastructure.