Bitcoin Miner MARA Beats Q2 Estimates with $238M Revenue Surge
Main Idea
Bitcoin miner MARA Holdings reported strong Q2 2025 earnings, surpassing revenue estimates with $238 million, driven by Bitcoin holdings and strategic expansion into AI infrastructure.
Key Points
1. MARA Holdings reported Q2 revenue of $238 million, up 64% year-over-year, beating analysts' forecast of $223.7 million.
2. The company's Bitcoin holdings exceeded 50,000 BTC, valued at $5.87 billion, making it the second-largest public Bitcoin holder after MicroStrategy.
3. MARA shares rose 7.5% in after-hours trading following the earnings report, with a 58% increase since April.
4. The company is expanding into AI infrastructure through partnerships with Google-backed TAE Power Solutions and LG-backed PADO AI.
5. CEO Fred Thiel announced plans to scale mining capacity to 75 EH/s by the end of 2025 and capitalize on growing AI demand.
Description
Bitcoin mining giant MARA Holdings reported second-quarter earnings that comfortably beat Wall Street expectations, delivering $238 million in revenue, up 64% year-over-year and above analysts’ forecast of $223.7 million. Key Takeaways: MARA beat Q2 estimates with $238M in revenue and $808M in net income. Its BTC holdings hit 50,000+, worth $5.87B, making MARA the second-largest public Bitcoin holder. The company is expanding into AI infrastructure via partnerships. Net income soared to $808 mil...
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