MARA Holdings delivered an impressive second-quarter performance, posting $238 million in revenue—a 64% increase year-over-year—and a net income of $808 million driven by a $1.2 billion unrealized Bitcoin gain. The company now holds over 50,000 BTC, becoming the second-largest public Bitcoin holder. MARA’s mining output and hashrate grew modestly in Q2, while strategic expansions include partnerships focusing on energy-efficient AI data centers. Meanwhile, global mining faces challenges such as Iran's crackdown on illegal operations and China's continued influence in the sector.
Continue to read MARA Holdings Beats Expectations with $238M Revenue and Expands Bitcoin Mining & AI Ventures
MARA Holdings delivered an impressive second-quarter performance, posting $238 million in revenue—a 64% increase year-over-year—and a net income of $808 million driven by a $1.2 billion unrealized Bitcoin gain. The company now holds over 50,000 BTC, becoming the second-largest public Bitcoin holder. MARA’s mining output and hashrate grew modestly in Q2, while strategic expansions include partnerships focusing on energy-efficient AI data centers. Meanwhile, global mining faces challenges such as Iran's crackdown on illegal operations and China's continued influence in the sector.
Continue to read MARA Holdings Beats Expectations with $238M Revenue and Expands Bitcoin Mining & AI Ventures
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