secwatch.observer — SEC 8-K summary
======================================

Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001493152-24-029930
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224029930/0001493152-24-029930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224029930/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029930

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer