MARA (NASDAQ: MARA) has secured $600 million of new debt after pledging 18,750 BTC, tapping its bitcoin reserves to help finance an expansion into power

MARA trimmed its Bitcoin holdings 34% in the first half of 2026 to 35,577 BTC, as it reduced debt and expanded into AI infrastructure.

MARA posted a $611M Q2 loss as bitcoin holdings fell 29% to 35,577 BTC, while MARA and Riot Platforms sent 581 BTC to custodian NYDIG.