Recent Updates — MARA
MARA Holdings, Inc. reported second quarter 2026 financial results showing a net loss of $611.3 million, or $1.60 per diluted share, compared to net income of $808.2 million in the prior year period. Revenue decreased 27% to $174.9 million from $238.5 million, driven by a 28% decline in Bitcoin's average price offsetting an 8% increase in production to 2,422 BTC. Adjusted EBITDA fell to a loss of $360.9 million from $1.2 billion, primarily due to a $343.0 million unrealized mark-to-market loss on digital assets. The company held 35,577 BTC valued at approximately $2.1 billion and maintained $421.3 million in cash. Subsequent to the quarter, MARA secured two Bitcoin-backed credit facilities totaling $600.0 million with Coinbase and Two Prime to fund its Long Ridge acquisition and acquired rights to a 2 GW powered land site in Texas. MARA Holdings operates as a digital infrastructure company focused on Bitcoin mining and AI data center development.
MARA Holdings, Inc. announced the resignation of directors Barbara Humpton and Georges Antoun, effective July 31, 2026, citing personal reasons with no disagreements regarding company operations. The Board appointed Craig Hart and Nancy Novak as independent directors to fill these vacancies, effective August 1, 2026. Mr. Hart joins from Avenue Capital Group, bringing over 25 years of energy sector experience, while Ms. Novak contributes expertise in hyperscale data center development from Compass Datacenters. These appointments support MARA's strategic focus on integrating energy, digital infrastructure, and compute capabilities. The company operates in the cryptocurrency mining and digital energy infrastructure industry.
MARA Holdings, Inc. through its subsidiary Volt Texas, LLC acquired MAT 1177 LLC from HIF USA LLC for an aggregate purchase price of up to $600.0 million via milestone-based payments. The acquisition includes land in Texas and rights to 2,000 megawatts of power capacity to develop a digital infrastructure campus for high-performance computing and Bitcoin mining. MARA Holdings, Inc. operates in the digital infrastructure and cryptocurrency mining industry.
MARA Holdings, Inc. via its subsidiary MARA USA Corporation, entered into an Equity Purchase Agreement to acquire 100% of Long Ridge Energy & Power LLC for a base purchase price of approximately $1.5 billion. The transaction involves Sellers Ohio River Partners Holdco LLC and Ohio River Partners Finance LLC, and FTAI Infrastructure Inc. The company is providing an investor presentation to provide additional information regarding the transaction. MARA Holdings, Inc. is a digital infrastructure and Bitcoin mining company.
Stockholders of MARA Holdings, Inc. approved an amendment to the 2018 Equity Incentive Plan to increase the number of shares authorized for issuance by 18,000,000 shares, effective June 18, 2026. The company held its 2026 annual meeting of stockholders, where Class III directors Vicki Mealer-Burke and Douglas Mellinger were elected to serve until 2029. MARA Holdings, Inc. is a digital asset mining company.