MARA reported revenue of $174.6 million for the first quarter of 2026, a 18% year-over-year decline; net loss amounted to $1.3 billion, compared to $533.2 million in the same period last year, primarily due to changes in the fair value of digital assets. Adjusted EBITDA for the period was -$1 billion, with 35,303 BTC held, of which 9,995 BTC have been lent or pledged. Operationally, the company’s activated hash rate increased to 72.2 EH/s, up 33% year-over-year, producing 2,247 BTC during the quarter. Strategically, MARA stated it has advanced its Starwood partnership, completed the acquisition of a majority stake in Exaion, and announced the signing of a definitive agreement to acquire Long Ridge.
Bitcoin Miner MARA Q1 2026 Revenue Falls to $174.6M, Net Loss Expands to $1.3B
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Summary
Bitcoin breaking news: MARA reported Q1 2026 revenue of $174.6 million, an 18% year-over-year decline, with a net loss of $1.3 billion, up from $533.2 million in the same period last year. The loss was primarily due to changes in the fair value of digital assets. Bitcoin news: The company recorded an adjusted EBITDA of -$1 billion, held 35,003 BTC (9,995 of which were loaned or used as collateral), and activated a hash rate of 72.2 EH/s, a 33% year-over-year increase, producing 2,247 BTC during the quarter. MARA advanced its Starwood partnership, acquired a majority stake in Exaion, and announced the final agreement to acquire Long Ridge.
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