Mara Holdings Inc., a globally known Bitcoin miner, has posted a revenue of $238.5 million, which has grown by 64% YoY from $145 million in Q2 last year. With this surge, Q2 2025 became the quarter with the highest revenue in its history.
The company also reported that its total Bitcoin holdings in Q2, 2025 have reached 49,951 Bitcoin from 18,488 Bitcoin in Q2, 2024. It is worth noting that Mara’s Bitcoin stash swelled by 170% in this frame.
However, the collective value of total Bitcoin holdings of Mara Holdings jumped by 362% reaching above $4.2 billion, making it the 2nd largest publicly traded corporate holder of BTC worldwide.
Marathon Digital Holdings is working on global expansion
According to the information in Q2, 2025, Marathon Digital Holdings has completed the construction of a new behind-the-meter wind-powered data centre in Texas, solely developed to enhance energy efficiency and margin structure.
It is worth noting that Mara has issued $950 million in 0% convertible senior notes, maturing in 2032. The aim in issuing these notes is to improve its balance sheet and to provide financial flexibility for yet to be done Bitcoin purchases and potential mergers or acquisitions.
On June 30, 2025, Mara reported over $5 billion in liquid assets, providing a robust financial cushion against market volatility.
A quick overview of the Mara stock price
According to the data from TradingView, Mara stock is priced at $16.61 with a loss of 3.21% in the most recent trading session, yet in the pre-market, it seems to be adding around 6% and is expected to open at $17.47.
It’s important to note that, in the past 5 trading sessions, Mara stock lost 13% of its price, yet in the monthly time frame, it added 9.75% and 19.93% in the past 3 months
Despite positivity in the monthly and quarterly frames, Mara stock is in red in the half-yearly frame, YTD, and 52-week time frame. In Q1, 2025, the reported revenue of Marathon Digital was $213.88 million, with a net income of negative $533.20 million, and a net margin of negative 249.29%.
However, the total revenue of the company in 2024 was $656.38 million, with a net income of $541.25 million and a net margin of 82.46%. At the same time, Mara’s debt was $2.47 billion, with a free cash flow of negative $303.11 million and cash & equivalents $403.77 million.
