MARA Reports 29% Drop in Bitcoin Holdings as Q2 Revenue Falls 27%

MARA Holdings, the largest publicly traded Bitcoin miner, reported a 29% year-over-year decline in Bitcoin holdings to 35,577 BTC in Q2 2026. Revenue fell 27% to $175 million, with a net loss of $611 million and adjusted EBITDA of negative $361 million. Despite weaker financial results, MARA increased its operational capacity, signaling continued commitment to mining expansion.