MARA Holdings Reports Significant Financial Losses in 2025

MARA Holdings has reported a net loss of $1.31 billion for the full year of 2025, following a net profit of $541 million in 2024. According to ChainCatcher, the company's revenue increased from $656.4 million to $907.1 million during this period. In the fourth quarter, MARA experienced a net loss of $1.71 billion, with a diluted loss per share of $4.52, compared to a net profit of $528.3 million and a diluted earnings per share of $1.24 in the same quarter the previous year. In terms of production, MARA mined a total of 8,799 bitcoins in 2025, with 2,011 bitcoins mined in the fourth quarter alone. By the end of 2025, the company held 53,822 bitcoins. The company attributed the fourth-quarter net income impact to a $1.5 billion negative change in the fair value of digital assets and digital asset receivables. Over the past six months, MARA's stock has declined by 46%.