MARA Bitcoin Holdings Fall 29% YoY as Q2 Revenue Drops 27%

MARA reported Bitcoin holdings of 35,577 BTC in the second quarter of 2026, down 29% from a year earlier, as revenue fell 27% to $175 million.

Alongside the decline in revenue, the publicly traded Bitcoin miner posted a net loss of $611 million and negative adjusted EBITDA of $361 million for the quarter. Meanwhile, its cash and Bitcoin holdings had a combined value of about $2.5 billion.

Operationally, Bitcoin production increased 3% year over year to 2,422 BTC, while hashrate rose 22% to 70.3 exahashes per second.

At the same time, daily cost per unit of hashrate declined 4% to $27.7.

Source: MARA (Q2 2026 Update)