MARA Holdings Q2 revenue up 64% YoY, hits record $238M

U.S. crypto mining company MARA Holdings (formerly Marathon Digital) reported a 64% year-over-year (YoY) increase in second-quarter revenue to $238 million, its highest quarterly revenue on record. Net income jumped 505% to $808 million, driven by $1.2 billion in unrealized gains from rising Bitcoin (BTC) prices. The company said it currently holds $5.87 billion worth of BTC.