Bitcoin miner MARA announced the results of the second quarter of 2025, achieving a 1093% year-on-year increase in adjusted EBITDA to $1.20 billion, a record quarterly high. During the same period, the company's revenue reached $808 million and turned into profit, compared with a loss of nearly $200 million in the same period last year.
MARA has nearly 50,000 bitcoin holdings, an increase of 170% year-on-year. The company emphasizes that the vast majority of its bitcoin is obtained through mining, which is different from mining companies that mainly rely on buying coins. As one of the largest bitcoin mining companies in the world, MARA recently raised about 940 million US dollars to continue to expand the scale of mining machines and holdings.
The data shows that the rise in demand for digital assets and the new high price of bitcoin have promoted a significant improvement in the performance of mining companies.
Bitcoin mining company MARA's adjusted EBITDA surged by more than 1,000% in the second quarter, and its holdings rose by 170% year-on-year.
2025-07-29 22:58:34
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