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MARA swings to Q2 loss as Bitcoin’s slump masks higher output
Bitcoin miner MARA reported its highest quarterly Bitcoin production in over a year. However, this output was offset by the company swinging to a Q2 loss due to a significant 28% decline in the average price of Bitcoin.
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Adjacent reporting
- MARA Q1 revenue drops 18%, says bitcoin mining remains ‘operational foundation’
- Bitcoin Miner MARA Sells $1.5 Billion in BTC, Reports $1.26 Billion Q1 Loss
- MARA shares sink on first-quarter revenue miss, $1.3B loss
- MARA Dumps $1.5B in Bitcoin as Miner Trades Treasury Hoard for AI Power Bet
- Bitcoin miner MARA sold $1.5 billion of bitcoin as it shifts toward AI infrastructure
- Bitcoin miner Canaan posts $88.7M net loss in Q1 amid BTC decline