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Aug 7, 2026

Bitcoin Miners MARA Holdings and CleanSpark Report Major Revenue Declines in Q2 2026 Amid Price Slump

MARA Holdings swung to a $611.3 million net loss in Q2 2026 despite record production, driven by a 28% decline in Bitcoin's average price and markdown of holdings. CleanSpark also reported significant revenue drops, with MARA's revenue falling 27% year-over-year to $174.9 million and CleanSpark posting $138 million in quarterly revenue.

Aug 7, 2026·7 sources
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Top claims

  • ▪MARA Holdings recorded a $343 million fair-value loss on its digital assets during the second quarter of 2026.
  • ▪CleanSpark holds an asset portfolio exceeding 1.8 gigawatts of contracted power, land, and data center capacity, and is seeking to monetize grid assets through long-term leases.
  • ▪MARA Holdings' production of 2,422 Bitcoin in the second quarter of 2026 fell short of the Wall Street consensus estimate of 2,614.69 Bitcoin.

Topics

Crypto marketsBitcoin market analysisBitcoin miningBitcoin

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