Mara swings to Q2 FY26 net loss of $609.69 million; revenue drops 26.7% to $174.88 million
MARA•Q2 FY26 results
- Mara Holdings posted a GAAP net loss attributable to common stockholders of $609.69 million, swinging from profit a year earlier.
- Revenue fell 27% to $174.88 million on lower bitcoin mining revenue of $170.07 million.
- GAAP loss on digital assets was $249.6 million, swinging from a gain a year earlier as bitcoin prices fell.
- Purchased energy costs rose 17% to $48.75 million, while general and administrative expense increased 23% to $114.7 million.
- The company entered a deal to acquire Long Ridge for about $1.5 billion enterprise value; it held 35,577 bitcoin with a $2.1 billion carrying value.
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