MARA Holdings (formerly Marathon Digital) is one of the larger publicly traded bitcoin mining companies, focused on large-scale cryptocurrency production. It operates and hosts mining infrastructure and has expanded into related digital-asset computing capacity. Revenue is driven primarily by bitcoin mined and held or sold, making results sensitive to hash rate, energy cost and crypto prices. The business model centers on industrial-scale mining rather than consumer crypto products.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 238.5 | — | 808.2 | — |
| Q3 2025 | 252.4 | — | 123.1 | — |
| Q4 2025 | 202.3 | — | -1,709.6 | -496.7% |
| Q1 2026 | 174.6 | — | -1,259.6 | — |
| Q2 2026 | 174.9 | -26.7% | -609.7 | -175.4% |
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