In Q4 2025, Marathon Digital generated 202314000 in revenue, down 6% year over year, and reported a net loss of 1709788000 largely due to a 1500000000 negative change in the fair value of digital assets, despite increasing energized hashrate and bitcoin holdings.
Revenue decreased 6% year over year to 202314000.
Net loss was 1709788000, impacted by a 1500000000 fair value loss on digital assets.
Energized hashrate increased 25% year over year to 66.4 EH/s.
Bitcoin holdings rose to 53822 BTC as of December 31, 2025.
The company emphasized capital discipline, opportunistic bitcoin monetization in 2026, and continued expansion into AI and high-performance compute through its Starwood joint venture.
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