MARA just posted over $500M in Q2 losses despite mining MORE $BTC
2,422 $BTC mined (+3% YoY)
Hashrate up 22% to 70.3 EH/s
Yet they're bleeding half a billion
Their pivot? Dumping capital into AI/HPC infrastructure instead of pure mining
This is the new reality for public miners - can't survive on block rewards alone anymore
Hashrate wars + halving economics = forced diversification or death
Watch how many other miners follow this playbook in 2026
2,422 $BTC mined (+3% YoY)
Hashrate up 22% to 70.3 EH/s
Yet they're bleeding half a billion
Their pivot? Dumping capital into AI/HPC infrastructure instead of pure mining
This is the new reality for public miners - can't survive on block rewards alone anymore
Hashrate wars + halving economics = forced diversification or death
Watch how many other miners follow this playbook in 2026