{"id":94780,"date":"2026-02-27T16:31:04","date_gmt":"2026-02-27T13:31:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94780"},"modified":"2026-02-27T16:35:28","modified_gmt":"2026-02-27T13:35:28","slug":"mara-miner-reports-1-7-billion-loss-and-announces-shift-to-ai","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mara-miner-reports-1-7-billion-loss-and-announces-shift-to-ai\/","title":{"rendered":"MARA Miner Reports $1.7 Billion Loss and Announces Shift to AI"},"content":{"rendered":"

Bitcoin miner MARA Holding released<\/a> its financial report for the fourth quarter of 2025, revealing a net loss of $1.7 billion compared to a profit of $528.3 million the previous year.<\/p>\n

The decline was attributed to a $1.5 billion negative revaluation of digital assets amid a 30% drop in the leading cryptocurrency over three months. The firm is the second-largest holder of Bitcoin, managing 52,850 BTC valued at $3.5 billion.<\/p>\n

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Top 3 largest Bitcoin holders among public companies. Source: BitBo<\/a>.<\/figcaption><\/figure>\n

Revenue fell by 6% to $202.3 million, down from $214.4 million in the previous comparable reporting period.<\/p>\n

For the entire year of 2025, MARA recorded a net loss of $1.31 billion, contrasting with a profit of $541 million in 2024. However, annual revenue increased from $656.4 million to $907.1 million.<\/p>\n

The company expanded its capacity by 25% to 66.4 EH\/s but mined only 2,011 BTC, fewer than the 2,144 coins in the third quarter. The number of blocks mined fell by 15% to 595. Meanwhile, the cost of electricity rose from $31,608 to $48,611 per BTC.<\/p>\n

Shift to AI<\/h2>\n

Alongside the report, MARA unveiled a multi-year transformation strategy, shifting from a pure Bitcoin miner to an energy and digital infrastructure company.<\/p>\n

MARA announced<\/a> a joint venture with Starwood Capital Group to build AI-focused data centers. The miner aims to provide around 1 GW of capacity in the near term, with potential expansion to 2.5 GW.<\/p>\n

The firm secured the right to invest up to 50% in each individual project, retaining the option to continue mining at sites with favorable energy rates.<\/p>\n

Separately, the company highlighted the acquisition of a 64% stake in Exaion in February<\/a>, describing it as part of a strategy to create infrastructure for “sovereign” and corporate AI projects.<\/p>\n

Following the news of its pivot to artificial intelligence, MARA’s shares rose by 13%. However, over the past six months, the miner’s stock has fallen by more than 46%.<\/p>\n

\"image\"
Source: Yahoo Finance<\/a>.<\/figcaption><\/figure>\n

TeraWulf<\/h2>\n

Bitcoin miner TeraWulf reported<\/a> a 20.3% increase in annual revenue to $168.5 million, including $16.9 million from newly launched HPC capacity leasing operations. However, net loss rose from $72.4 million the previous year to $661.4 million.<\/p>\n

Fourth-quarter 2025 profit declined due to weakened Bitcoin mining operations. Revenue from digital assets fell from $43.4 million to $26.1 million. However, losses were partially offset by increased hosting revenue: HPC leasing income rose from $7.2 million to $9.7 million for the quarter.<\/p>\n

The company described the past year as a “turning point,” securing long-term data center leasing agreements for 522 MW of IT load with guaranteed revenue exceeding $12.8 billion and $6.5 billion in financing.<\/p>\n

Currently, TeraWulf’s key projects focus on long-term AI and cloud clients at Lake Mariner (New York) and Abernathy HPC (Texas) sites. In February, the firm also acquired<\/a> facilities in Kentucky and Maryland, adding approximately 1.5 GW of capacity to its portfolio.<\/p>\n

The company’s shares closed Thursday down 0.22% at $17.88. However, over the past month, the stock has risen by 29.66%.<\/p>\n

\"image\"
Source: Yahoo Finance<\/a>.<\/figcaption><\/figure>\n

In February, mining company Bitdeer announced<\/a> the sale of all mined and held coins\u2014about 943.1 BTC. Company representatives explained<\/a> the decision as a desire to acquire new facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin miner MARA Holding released its financial report for the fourth quarter of 2025, revealing a net loss of $1.7 billion compared to a profit of $528.3 million the previous year.<\/p>\n","protected":false},"author":1,"featured_media":94781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"MARA reports $1.7 billion loss, shifts to AI strategy.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,18,1137,1185],"class_list":["post-94780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-bitcoin","tag-cryptocurrency-mining","tag-marathon-digital-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"242","promo_type":"1","layout_type":"1","short_excerpt":"MARA reports $1.7 billion loss, shifts to AI strategy.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94780"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94780\/revisions"}],"predecessor-version":[{"id":94782,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94780\/revisions\/94782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94781"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}