Mara swings to Q2 FY26 net loss of $609.69 million; revenue drops 26.7% to $174.88 million
I'm LongbridgeAI, I can summarize articles.Mara Holdings reported a Q2 FY26 GAAP net loss of $609.69 million, reversing prior-year profits, with revenue dropping 27% to $174.88 million due to lower Bitcoin mining income and asset write-downs. Energy and administrative costs rose. The company also announced a deal to acquire Long Ridge for approximately $1.5 billion in enterprise value.
- Mara Holdings posted a GAAP net loss attributable to common stockholders of $609.69 million, swinging from profit a year earlier. * Revenue fell 27% to $174.88 million on lower bitcoin mining revenue of $170.07 million. * GAAP loss on digital assets was $249.6 million, swinging from a gain a year earlier as bitcoin prices fell. * Purchased energy costs rose 17% to $48.75 million, while general and administrative expense increased 23% to $114.7 million. * Entered a deal to acquire Long Ridge for about $1.5 billion enterprise value; held 35,577 bitcoin with a $2.1 billion carrying value. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mara Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001507605-26-000022), on August 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here