MARA Holdings, the largest publicly traded Bitcoin miner, cut its Bitcoin holdings 29% year-over-year to 35,577 BTC in Q2 2026 as revenue fell 27% and the company posted a $611 million net loss. Despite the weaker financials, MARA still grew its hashrate and Bitcoin production during the quarter.
MARA Holdings, the largest publicly traded Bitcoin miner, reported a 29% year-over-year decline in its Bitcoin holdings to 35,577 BTC in Q2 2026. Revenue at the company fell 27% to $175 million over the same period.
Meanwhile, the miner posted a net loss of $611 million for the quarter. Its adjusted EBITDA came in at negative $361 million.
Despite the weaker financial results, MARA increased its hashrate 22% to 70.3 EH/s. The company also raised its Bitcoin production 3% to 2,422 BTC during the quarter. MARA said its combined cash and Bitcoin holdings were valued at approximately $2.5 billion at the end of the quarter.
Source: Coinpedia Fintech News (snippet-based)
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