[MARA's Q1 Net Loss Expands to $1.3 Billion, Says Bitcoin Mining Remains 'Operational Foundation'] According to The Block, Bitcoin mining company MARA released its Q1 financial report, showing revenue down 18% year-over-year to $174.6 million, with net loss expanding to $1.3 billion, primarily due to unrealized losses on the 38,689 Bitcoins held on its balance sheet. The company stated that Bitcoin mining remains its 'operational foundation' and plans to colocate new infrastructure with its existing mining operations, retaining the option to redirect power toward AI and high-performance computing while generating revenue from mining. MARA also noted that it does not intend to make large-scale purchases of ASIC miners in the future, opting for a selective and targeted approach. In Q1, the company mined 2,247 Bitcoins, with hash rate increasing 33% year-over-year to 72.2 EH/s.