Marathon Digital Holdings reported a net loss of $1.3 billion in Q1 2026. EPS came in at -$3.31, missing the forecast of -$1.41.
Revenue reached $174.6 million, below estimates of $181.86 million. A 18% drop in Bitcoin price weighed on revenue.
The company achieved a record hash rate of 72.2 EH/s, up 33% from a year ago. However, Bitcoin production fell to 2,247 BTC.
Stock fell 1.7% in after-hours trading to $12.72. Market concerns persist.
CEO Fred Thiel stated: "Control over energy infrastructure is key to digital transformation." The company is pivoting to AI and HPC data centers.
