Crypto mining firm MARA Holdings’ Q2 revenues jumped 64% from a year ago to $238 million, driven by Bitcoin appreciation and expanded mining operations.
Bitcoin miner MARA Holdings beat analyst expectations in its second-quarter earnings, which saw its share price slightly gain after-hours.
MARA Holdings’ revenues increased 64% year-on-year to $238 million, up from $145 million in Q2 2024 and also gaining from its $214 million revenues in the first quarter of 2025, the company said on Tuesday.
The firm’s revenue beat analyst expectations of $223.7 million while its net income surged 505% compared to a year ago to $808 million, up from a loss of just under $200 million in Q2 2024.
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