Bitcoin mining company MARA Q1 Earnings: Revenue Drops to $174.6 Million, Net Loss Widens to $1.3 Billion
Source：
d1io3yog0oux5.cloudfront.net
MARA reported $174.6 million in revenue for Q1 2026, a 18% decline year-on-year; net loss amounted to $1.3 billion, up from $533.2 million in the same period last year, primarily driven by changes in the fair value of digital assets. Adjusted EBITDA for the quarter was negative $1 billion. The company held 35,303 BTC, of which 9,995 BTC were loaned out or pledged as collateral. Operationally, MARA’s activated hash rate increased to 72.2 EH/s, up 33% year-on-year, and it mined 2,247 BTC during the quarter. Strategically, MARA stated it has advanced its partnership with Starwood, completed the acquisition of a majority stake in Exaion, and announced a definitive agreement to acquire Long Ridge.
