MARA Holdings borrowed $600 million on August 4, 2026, pledging 18,750 BTC as collateral to fund the acquisition of the Long Ridge power-generation site, projected to deliver up to 2 gigawatts of capacity for AI infrastructure and high-performance computing operations. Coinbase provided $450 million while Two Prime contributed $300 million as part of a broader $750 million total facility maturing in August 2028. The pledged collateral represents approximately 54% of MARA’s Bitcoin treasury, which held 35,577 BTC valued at roughly $2.1 billion at the end of Q2 2026. Q2 2026 results showed revenue of $174.9 million and a net loss of $611.3 million, with $342.7 million attributable to fair-value adjustments on Bitcoin holdings rather than operational performance. The deal remains subject to regulatory approvals with a closing deadline of November 30, 2026.
Source: Read the original article
