MARATHON Digital Holdings Reports $611M Net Loss in Q2

MARATHON Digital Holdings reported a net loss of $611.3 million for Q2 2026, reversing an $808.2 million profit from the same period last year.

The company's revenue dropped by 27% year over year to $174.9 million, while its Bitcoin holdings fell by 29% to 35,577 BTC due to sales earlier in 2026.

MARA pledged an additional 18,750 BTC to secure two Bitcoin-backed credit facilities, unlocking $600 million in new borrowing capacity with Coinbase and Two Prime.