MARA Holdings, the largest publicly traded Bitcoin miner, reported a net loss of $611.3 million in Q2 2026, with revenue declining 27% to $174.9 million. The drop in Bitcoin price triggered a $343 million unrealized loss on its digital assets, while its holdings fell 29% to 35,577 BTC. Despite a 3% increase in production to 2,422 BTC, the company sold 2,213 units at an average price of $73,078 to support liquidity. MARA is continuing its diversification strategy toward AI infrastructure and high-performance computing.
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