MARA Q2 Loss Swells Amid Weaker Bitcoin Pricing and Sales
MARA Holdings reported weaker second-quarter 2026 financial results on August 6. Revenue fell 27% year over year to $174.9 million, while the Nasdaq-listed company recorded a net loss of $611.3 million and negative adjusted EBITDA of $360.9 million.
MARA's Bitcoin holdings fell 29% year over year to 35,577 BTC at June quarter-end 2026. However, this decline masks a small sequential increase from 35,303 BTC at March 31. The company also ended the quarter with approximately $2.5 billion in combined cash and Bitcoin holdings.
MARA sold 2,213 BTC during Q2 after selling 20,880 BTC in the preceding first quarter. After the quarter ended, MARA pledged another 18,750 BTC as initial collateral for two Bitcoin-backed credit facilities, increasing the portion of its treasury being used to support financing.