MARA Holdings Reports Record Q2 Revenue of $238.5 Million

Shares of Bitcoin miner MARA Holdings rose nearly 4% in post-market trading following a record revenue report for Q2, surpassing Wall Street expectations.

Revenue reached $238.5 million, up 64% from $145.1 million year-over-year.
The increase was driven by a 50% rise in average bitcoin price during the quarter.
Revenue exceeded analyst estimates of $227.9 million.
MARA mined 2,358 bitcoin, a 3% increase from the previous quarter.
Energized hashrate rose by 6% to 57.4 EH/s, with a target of 75 EH/s by year-end.
The company holds nearly 50,000 BTC, making it the second-largest public holder of bitcoin after Strategy (MSTR).
Current value of holdings is approximately $6 billion at a spot price of $117,618.
MARA actively manages its bitcoin, with 31% (15,550 BTC) loaned or pledged as collateral.
The firm emphasizes its role as an operator, viewing bitcoin as a productive asset.