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.
Story comments
Loading comments…