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Crypto
Mara posts $611.3 million Q2 net loss hit by bitcoin price drop
Bitcoin miner Mara (MARA) swung to a net loss of $611.3 million in the second quarter, hurt by a 28 percent drop in the average bitcoin price. The company said its quarterly bitcoin output was the highest in more than a year, but the price decline outweighed a 3 percent increase in production. Mara held 35,577 bitcoin worth $2.1 billion at fair value as of June 30. It is also expanding AI and HPC infrastructure.
Industry
Mara bitcoin miner pursues purchase of Texas power site to accelerate AI expansion
Mara Holdings shares rose about 15 percent early after it announced plans to buy a Texas power site to expand digital infrastructure for AI computing and bitcoin mining. The site is a 1,200-acre tract in Matagorda County with access rights of up to 2 gigawatts, with an initial 1 gigawatt expected by October 2027. Mara said the project is early-stage and subject to regulatory approvals, with phased construction over several years.
Crypto
Bitcoin slumps but mining stocks rise, up as much as 85 percent in 2026
Major listed bitcoin mining stocks have risen across the board in 2026 even as bitcoin is down about 20 percent from the start of the year, Cointelegraph reported. The top 10 miners by market value all posted positive returns, with gains ranging from about 5 percent to more than 85 percent, according to BitcoinMiningStock.io. The strength is linked to big miners expanding AI and high-performance computing businesses.
