Marathon(MARA) - 2025 Q2 - Quarterly Results

Q2 2025 Shareholder Letter IR.MARA.COM Contents | To Our Shareholders | 3 | | --- | --- | | Financial and Operational Discussion | 7 | | Earnings Webcast and Conference Call | 13 | | Statements of Operations | 14 | | Investor Notice | 17 | | Forward-Looking Statements | 17 | Key Highlights Revenues increased 64% to $238.5 million Net income (loss) increased 505% IN Q2 2025 from $145.1million in Q2 2024. Adjusted EBITDA increased 1093% $1.2 BILLION compared to ($125.5) millionin Q2 2024. Energized hashrate ( ...