Q 98 · Excellent

MARA swings to Q2 loss as Bitcoin’s slump masks higher output

MARA, a Bitcoin miner, has reported a loss in Q2 despite producing its highest quarterly Bitcoin output in over a year. The loss was due to a 28% decline in the average price of Bitcoin. The company's revenue was also affected by the decline in Bitcoin price.

Key points
  • MARA, a Bitcoin miner, has reported a loss in Q2 despite producing its highest quarterly Bitcoin output in over a year.
CointelegraphAug 7, 20267 min read