MARA Holdings Inc Reports Loss as Bitcoin Price Declines
MARA Holdings Inc (MARA) reported its Q2 2026 earnings on August 06, 2026. The company's revenue declined to $174.9 million from $238.5 million in the prior year period due to a 28% decrease in Bitcoin's average price.
The net loss was $611.3 million, or -$1.6 per diluted share, compared to net income of $808.2 million, or $1.84 per diluted share, in Q2 2025. The adjusted EBITDA was negative at -$360.9 million, dominated by the Bitcoin mark-to-market change.
MARA is expanding its power portfolio to approximately 4.8 GW, more than doubling its current capacity and positioning it as one of the largest holders of digital infrastructure power capacity. The pending Long Ridge acquisition is expected to contribute approximately $144 million in annualized EBITDA and durable free cash flow.