MARA Q2 revenue up 78% to $145.1M but net loss widens to $199.7M on $148M digital asset write-down

MARA Holdings, Inc.

2024-Q2 EPS reported $0.50 revenue$310,337,000

Revenue $145.1M (+78% YoY); net loss $199.7M ($0.72/share) vs $9.0M loss a year ago.
Adjusted EBITDA loss of $85.1M vs gain of $35.8M; driven by $148.0M fair value loss on digital assets.
BTC production 2,058 (down 30% YoY) due to halving, equipment failures, and higher global hash rate.
Energized hash rate 31.5 EH/s (+78% YoY); targeting 50 EH/s by end of 2024.
Held 18,488 BTC at quarter-end; purchased $100M BTC post-quarter; now over 20,000 BTC; full HODL adopted.

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