Bitcoin miner MARA posts $808m profit as BTC rally drives record gains
MARA Holdings reported strong earnings for the second quarter, with a significant increase in revenue and Bitcoin treasury.
- MARA Holdings benefited from the BTC ATH
- The firm’s net income was $808.2 million
- MARA Holdings only trails Strategy in corporate BTC holdings
The recent Bitcoin (BTC) market rally had a strong impact on treasury and mining firms. On Tuesday, July 29, MARA Holdings, formerly Marathon Digital Holdings, reported strong earnings for the second quarter of 2025. The BTC miner and treasury firm benefited from lower energy prices and BTC appreciation.
Mara Holdings reported total revenue of $238 million, a 64% year-over-year increase, mostly from its Bitcoin mining operations. This increase was largely driven by the higher price of Bitcoin, which is currently trading near its all-time high. Average BTC prices in Q2, which rose 50% YoY, contributed directly to mining revenues.
MARA holdings quarterly revenues | Source: MARA
The company reported even stronger net income, at $808.2 million, compared to a $199.7 million loss in Q2 of 2024. This was largely due to a non‑cash gain on Bitcoin holdings, amounting $1.2 billion, largely due to unrealized profits on Bitcoin holdings.
MARA Holdings net income | Source: MARA
MARA Holdings continues to accumulate BTC
The company’s Bitcoin holdings also rose by 170%, now totaling 49,951 BTC. Shortly after the quarter-end, MARA’s BTC holdings surpassed 50,000 BTC. This makes it the second-largest BTC treasury firm, only trailing Strategy .
Unlike most Bitcoin miners, MARA Holdings doesn’t sell the BTC it mines. Instead, the firm leverages its BTC as a strategic reserve asset to boost its share price long-term. The company also uses stock offerings to acquire additional Bitcoin reserves.
Since the regulatory changes in the U.S., Bitcoin has become a popular treasury asset. More and more companies are leveraging their Bitcoin reserves to enable investors to gain exposure to the biggest crypto asset.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SoftBank shares drop 5%, snapping 9-day rally after $2 billion Intel deal
Share link:In this post: SoftBank shares fell over 5% after it announced a $2 billion deal to buy Intel stock at $23 per share. Asian markets dropped across the board as investors waited for the U.S. Fed’s Jackson Hole meeting. Jerome Powell is expected to signal a possible rate cut, with futures showing an 83% chance for September.
Texas judge sides with Logan Paul’s effort to dismiss CryptoZoo lawsuit
Share link:In this post: Judge Ronald Griffing said Logan Paul’s bid to remove a lawsuit over the collapse of CryptoZoo should be allowed. Griffin also urged the class-action plaintiff to update all but one of its 27 claims against Paul, the one linking him to commodity pool fraud. The judge dismissed Paul’s bid to accuse CryptoZoo co-founders of the project’s failure.
XRP & Solana ETF delays spark volatility – Stay or exit before October?
Share link:
Ethereum ETFs supply holdings to exceed BTC ETF’s holdings by September
Share link:In this post: Ethereum ETFs now hold over 6.5M ETH, with projections showing a September flip as they close in on Bitcoin ETFs’ share of the circulating supply. US spot ETH ETFs saw $59M in outflows on August 15 after record weekly inflows of 649,000 ETH pushed totals above $3.7B. Institutional investors dominate Ethereum with 19.2M ETH, while retail holdings fall sharply, highlighting shifting market influence amid price swings near $4,450.
Trending news
MoreCrypto prices
More
