Bitcoin mining company MARA Q1 financial report: revenue drops to $174.6 million, net loss widens to $1.3 billion

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Deep Tide TechFlow News, May 12 — MARA achieved revenue of $174.6 million in the first quarter of 2026, down 18% year-over-year; net loss was $1.3 billion, higher than $533.2 million in the same period last year, mainly due to changes in the fair value of digital assets. During the same period, adjusted EBITDA was negative $1 billion, holding 35,303 BTC, of which 9,995 were lent out or used as collateral. In terms of operations, the company has increased its hash rate to 72.2 EH/s, a 33% year-over-year increase, producing 2,247 BTC in the quarter. Strategically, MARA stated that it has advanced the Starwood partnership, completed the acquisition of a majority stake in Exaion, and announced the signing of a definitive agreement to acquire Long Ridge.

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