Crypto
MARA Holdings Slumps on Q2 Losses and Reduced Bitcoin Reserves
MARA Holdings, a cryptocurrency mining operation, announced its Q2 2026 financial results on August 6. The company reported a net loss of $611.3 million, a significant turnaround from the $808.2 million in net income achieved during the same period last year.
Total revenue decreased by 27% to $174.9 million, and adjusted EBITDA landed at negative $360.9 million. The company's Bitcoin reserves declined 29% to 35,577 BTC, primarily due to earlier sales in 2026.
The firm sold 20,880 BTC for approximately $1.5 billion during the first quarter of 2026 and offloaded an additional 2,213 BTC at an average sale price of $73,078 during Q2.