Mara Holdings Reports $1.71B Net Loss Amid Bitcoin Price Volatility

MARA Holdings, a leading digital asset miner, has reported a significant net loss of $1.71 billion for the fourth quarter of 2025. This loss is a reversal from the company's profit in the same period last year, reflecting the volatile nature of the cryptocurrency market.

The company's revenue declined by 6% to $202.3 million, primarily due to a sharp fair-value swing in its digital asset holdings. MARA attributed this decline to the decrease in Bitcoin prices from around $114,300 on September 30 to $88,800 on December 31.

MARA has been diversifying its business model by investing in AI and HPC data centers through a joint venture with Starwood Digital Ventures. This strategic move aims to reduce the company's reliance on mining and make it more resilient to market fluctuations.