Bitcoin mining company MARA reports Q4 2025 results, with revenue down 6% year-over-year to $202.3 million. Due to the decline in Bitcoin prices, the company recognized approximately $1.5 billion in fair value losses on digital assets, resulting in a net loss of $1.7 billion. Adjusted EBITDA was -$1.49 billion. The company's hash rate increased year-over-year to 66.4 EH/s, but during the quarter, only 2,011 BTC were mined, a 15% decrease in the number of blocks mined year-over-year. The cost of electricity per BTC mined rose to $48,611. By the end of the year, the company held 53,822 BTC (approximately $470 million at quarter-end prices), with 15,315 BTC lent or pledged, generating about $32.1 million in interest income for the year.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin mining company MARA reports Q4 2025 results, with revenue down 6% year-over-year to $202.3 million. Due to the decline in Bitcoin prices, the company recognized approximately $1.5 billion in fair value losses on digital assets, resulting in a net loss of $1.7 billion. Adjusted EBITDA was -$1.49 billion. The company's hash rate increased year-over-year to 66.4 EH/s, but during the quarter, only 2,011 BTC were mined, a 15% decrease in the number of blocks mined year-over-year. The cost of electricity per BTC mined rose to $48,611. By the end of the year, the company held 53,822 BTC (approximately $470 million at quarter-end prices), with 15,315 BTC lent or pledged, generating about $32.1 million in interest income for the year.