MARA Bitcoin holdings fall 29% as Q2 loss hits $611M

MARA Holdings reported weaker second-quarter 2026 financial results on Aug. 6. Revenue fell 27% year over year to $174.9 million, while the Nasdaq-listed company recorded a $611.3 million net loss and negative adjusted EBITDA of $360.9 million, according to its official presentation. Summary MARA’s Bitcoin holdings fell 29% year over year to 35,577 BTC at June quarter-end 2026. Q2 revenue fell 27% to $174.9 million while net losses widened sharply to $611.3 million. Bitcoin production increased 3% to 2,422 BTC as energized hashrate reached 70.3 EH/s during Q2. MARA sold 2,213 BTC during Q2 after selling 20,880 BTC in the preceding first quarter. Post-quarter financing pledged 18,750 BTC as collateral while MARA continued expanding its AI infrastructure strategy. The company ended June with 35,577 BTC, down 29% from 49,951 BTC a year earlier. However, that headline decline masks a small sequential increase from 35,303 BTC at March 31. MARA’s presentation also showed approximately $2.5 billion in combined cash and Bitcoin holdings at quarter-end. Shares closed Aug. 6 at $10.65, down 5.25%, according to Google Finance data. Source: Google Finance MARA’s Bitcoin holdings fell after hea...