MARA and CleanSpark post combined $851 million quarterly losses

Bitcoin miners MARA Holdings and CleanSpark reported a combined quarterly net loss of $851 million on August 6, 2026, driven by double-digit revenue drops and large non-cash valuation losses triggered by falling Bitcoin prices. In response to the ongoing slump, both companies are pivoting toward artificial intelligence and data center infrastructure, joining competitors like TeraWulf, Core Scientific, and Cipher in betting on compute capacity to offset mining losses.

CleanSpark quarterly losses

• ▪CleanSpark reported a net loss of $0.89 per basic share for the quarter ending in August 2026.
• ▪MARA Holdings reported a net loss of $611.3 million for the quarter ending in August 2026.

Bitcoin price decline impact

• ▪Falling Bitcoin prices extended a financial slump across public Bitcoin mining companies in August 2026.
• ▪Falling Bitcoin prices triggered large non-cash valuation losses for public Bitcoin miners.

AI infrastructure pivot strategy

• ▪MARA Holdings and CleanSpark are pivoting toward artificial intelligence and data center infrastructure to offset mining losses.
• ▪Bitcoin miners TeraWulf, Core Scientific, and Cipher are betting on compute capacity to offset mining losses.

Non-cash valuation losses

• ▪Non-cash valuation losses contributed to the heavy quarterly losses reported by MARA Holdings and CleanSpark on August 6, 2026.
• ▪Public Bitcoin miners experienced large non-cash valuation losses during the quarter ending in August 2026.

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