Marathon Digital Reports $1.3B Net Loss in Q1, Sells $1.1B Bitcoin to Repay Debt

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According to Marathon Digital's Q1 2026 earnings report, the bitcoin miner posted a net loss of $1.3 billion, with revenue declining 18% year-over-year to $174.6 million. The loss was primarily driven by unrealized losses on 38,689 BTC held on the company's balance sheet. During the quarter, Marathon sold approximately $1.1 billion in bitcoin to repay debt and improve liquidity.
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