Marathon Achieves Record Revenue of ¥35.5 Billion in Q2 2025

On the 29th, MARA Holdings, a leading U.S. cryptocurrency mining company (hereafter referred to as Marathon), announced its financial results for the second quarter of 2025 (April to June). The company achieved a record quarterly revenue of $238.5 million (approximately ¥35.5 billion), a 64% increase compared to the same period last year.

Net profit saw a significant rise from a loss of $199.7 million (approximately ¥29.7 billion) in the same period last year to a revenue of $808.2 million (approximately ¥120 billion).

Furthermore, since July, the company has reported that its Bitcoin (BTC) holdings reached 50,000 BTC, and liquidity has exceeded $6 billion (approximately ¥890 billion) following the issuance of convertible bonds.