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MARA's record output fails to prevent Q2 loss as Bitcoin price falls 28%

8/7/2026

Bitcoin miner MARA posted its highest quarterly Bitcoin production in more than a year, yet still swung to a net loss in the second quarter.

A 28% drop in Bitcoin's average price over the period more than offset the output milestone.

The results put a familiar tension back on the table: operational progress and a falling asset price working in opposite directions.

What the production record actually shows The case for MARA's operational side is straightforward.