MARA MARA (MARA) Q1 FY26 earnings call
MARA executed a transformative quarter, strategically pivoting towards digital infrastructure by acquiring Exaion and Long Ridge, leveraging its energy-backed capacity for AI and critical IT workloads. The company also strengthened its balance sheet through significant debt reduction, funded by Bitcoin monetization rather than equity dilution. This shift aims to capitalize on the growing demand for AI compute while maintaining Bitcoin mining as a foundational operation.
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MARA operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Bitcoin mined | 2,247We mined 2,247 Bitcoin or 25 Bitcoin per day in the first quarter of 2026.Source: earnings call transcript | 2,422During the quarter, we mined 2,422 Bitcoin or 26.6 Bitcoin per day, approximately 64 more Bitcoin than the prior year period.Source: earnings call transcript | +7.8% |
| Bitcoin held | 35.303KWe held a total of 35,303 Bitcoin at the end of the quarter, a decrease of 12,228 from the previous year.Source: earnings call transcript | 35.577KWe held a total of 35,577 Bitcoin at the end of the quarter, valued at approximately $2.1 billion at a $58,524 spot price, down from 49,951 Bitcoins held a year ago.Source: earnings call transcript | +0.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.