MARA Stock Drops 5% After $611 Million Q2 Loss and Bitcoin Holdings Decline

TLDR

• MARA posted a Q2 net loss of $611.3 million, reversing an $808.2 million profit from a year ago.
• Revenue dropped 27% year over year to $174.9 million.
• Bitcoin holdings fell 29% to 35,577 BTC, largely due to sales earlier in 2026.
• MARA pledged 18,750 BTC to unlock $600 million in new borrowing capacity.
• The company is pursuing a $1.5 billion acquisition of Long Ridge, including a 505-megawatt power plant in Ohio.

MARA Holdings closed August 6 at $10.65, down 5.25% on the day, after the company reported its Q2 2026 earnings.

Marathon Digital Holdings, Inc., MARA

The Bitcoin miner posted a net loss of $611.3 million for the quarter, a sharp reversal from the $808.2 million profit it recorded in Q2 2025.

Revenue came in at $174.9 million, down 27% year over year. Adjusted EBITDA hit negative $360.9 million.

$MARA HOLDINGS Q2’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $174.9M (Est. $204M) 🔴; -27% YoY
🔹 GAAP EPS: -$1.60
🔹 Adjusted EBITDA: -$360.9M (Est. $125M) 🔴
🔹 Net Loss: -$611.3M

Other Q2 Metrics:
🔹 Energized Hashrate: 70.3 EH/s; +22% YoY
🔹 Bitcoin Holdings: 35,577 BTC; -29% YoY…

… Continue reading the full article at the original source below.