Bitcoin mining company MARA released its Q4 2025 performance report: revenue dropped 6% year-over-year to $202.3 million due to Bitcoin's decline, with approximately $1.5 billion in digital asset fair value losses recognized, resulting in a net loss of $1.7 billion. Adjusted EBITDA stood at -$1.49 billion. The company's hash rate increased year-over-year to 66.4 EH/s, but only mined 2,011 BTC during the quarter, with block production down 15% year-over-year. The electricity cost per BTC rose to $48,611. By year-end, MARA held 53,822 BTC (valued at approximately $470 million based on end-of-quarter prices), of which 15,315 BTC were loaned or pledged, generating annual interest income of around $32.1 million. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57315