MARA Q2 2026 revenue falls 27% to $174.9 million and net loss is $611 million

MARA reported second-quarter 2026 revenue of $174.9 million, down from $238.5 million a year earlier, and a net loss of $611.3 million, or $1.60 per share. Adjusted EBITDA was negative $360.9 million. Holdings fell to 35,577 BTC, and the company said no AI or HPC leases had been signed yet, with at least one expected by year-end. It also said an Investor Day would be held later in 2026.

• Revenue $174.9 million, down from $238.5 million a year earlier
• Net loss $611.3 million, or $1.60 per share; adjusted EBITDA negative $360.9 million
• Energized hashrate 70.3 EH/s, up 22% year over year
• Holdings 35,577 BTC and $421.3 million cash at June 30, 2026
• Long Ridge consent solicitation complete; no tenant leases signed yet

SEC filing 8-K · accession 0001507605-26-000020 · sec.gov ↗