MARA Holdings sees 64% growth, posts record $238.5M in Q2 revenue!

Key Points

1. MARA Holdings' Q2 revenue reached an all-time high of $238.5 million, a 64% year-over-year increase, with adjusted EBITDA soaring to $1.2 billion.

2. The company's stock surged 7.5% in after-hours trading, reversing an earlier intraday loss, reflecting strong investor response to its performance.

3. MARA expanded its Bitcoin holdings to 49,951 BTC, a 170% year-over-year increase, and produced 2,358 BTC during the quarter, a 15% rise.

4. Operational improvements included an 82% surge in hashrate to 57.4 EH/s and enhanced fleet efficiency to 18.3 J/TH, with 31% of BTC activated through asset management strategies.

5. MARA's expansion strategy includes high-impact partnerships with Pado AI, TAE Power, and Two Prime, focusing on scalable, AI-driven infrastructure and Bitcoin treasury management.