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Crypto

Mara cuts bitcoin holdings by 34 percent, steps up shift to AI data centres

Mara Holdings sold $1.63 billion worth of bitcoin in the first half of 2026, disposing of about 23,093 BTC at an average price of about $70,631 per coin. The sale equalled about 34 percent of the 53,822 BTC it held at the end of 2025, cutting holdings to 35,577 BTC by mid-year. The company said it used proceeds for operations, growth opportunities and liquidity management as revenue fell in both quarters.

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.