MARA Posts Record Loss as Bitcoin Price Decline Hits Quarterly Results

MARA, the largest publicly traded Bitcoin miner, posted a significant loss of $611.3 million for the second quarter of 2026, as revenue fell by 27% to $174.9 million.

The decline in revenue was largely due to a 28% year-over-year drop in Bitcoin's average price, which reduced revenue by about $65.9 million.

MARA's BTC holdings dropped 29% year over year as the company sold some of its holdings to support liquidity and capital projects.

The miner continued to expand its operations, with energized hashrate climbing 22% to 70.3 EH/s and production rising 3% to 2,422 BTC.