MARA incurred a net loss of $611 million in the second quarter, with revenue decreasing by 27% year-on-year to $175 million

MARA incurred a net loss of $611 million in the second quarter, with a loss of $1.60 per share, and revenue decreased by 27% year-on-year to $175 million. The loss is due to the unrealized impairment of digital assets caused by the decline in Bitcoin prices, amounting to approximately $343 million. MARA's computing power increased by 22% year-on-year to 70.3 EH/s, Bitcoin production increased by 3% to 2422 BTC, and holdings decreased from 49951 to 35577 BTC.