Bitcoin miner Marathon Holdings reported a $611M net loss in Q2 2026 as Bitcoin prices fell 45% and the company liquidated treasury holdings.
Macro & Markets ·
MARA Holdings reported a $611 million net loss in Q2 2026 as Bitcoin's price declined 45% year-over-year, reducing revenue 27% to $174.9 million despite the company mining 2,422 BTC. The miner's Bitcoin holdings fell 29% to 35,577 BTC worth approximately $2.1 billion, driven by sales totaling 2,213 BTC to support operations and capital projects. An unrealized loss of $343 million on digital assets reflects the sharp price drop, while the company simultaneously expanded its computing capacity 22% and is pursuing AI infrastructure and high-performance computing opportunities alongside its core mining business.