MARA Misses Q2 Revenue and Earnings Estimates as Bitcoin Weakness Hits Results
Revenue hit $174.9M (down 27%), net loss $1.60/share from Bitcoin mark-to-market losses.
Revenue hit $174.9M (down 27%), net loss $1.60/share from Bitcoin mark-to-market losses.
Bitcoin and Coinbase surge after Bessent signals the CLARITY Act is close to passage. White House ethics agreement removes final hurdle ahead of August recess.
The acquisition more than doubles MARA’s total power capacity to ~4.8 GW for AI computing and Bitcoin mining.
MARA missed earnings as losses grew, but mining hit records, and it’s shifting into AI and data centers for future growth with its $1.5B Long Ridge acquisition.
MARA buys Ohio power plant campus for $1.5B to expand AI/data centers, boosting power capacity and future growth.
MARA sold 15,133 Bitcoin for $1.1 billion to repurchase $1 billion in convertible notes at a 9% discount, saving $88 million and reducing its debt.