Bitcoin mining company MARA reported preliminary unaudited results for Q1 2026, revealing a revenue of $174.6 million, an 18% decrease year-over-year. The company faced a net loss of approximately $1.3 billion, primarily due to adjustments in the fair value of its Bitcoin assets. By the end of the quarter, MARA held 35,303 Bitcoins. Additionally, MARA is advancing its energy and data infrastructure strategy, including the acquisition of Long Ridge Energy, and is expanding its AI and high-performance computing (HPC) operations.
Bitcoin Miner MARA Reports $1.3 Billion Q1 Loss Amid Revenue Decline
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