Mara Holdings (NASDAQ: MARA) stock price dropped by 5.25% on August 7 to close trading at $10. The drop occurred after the company reported a net loss of $611.5 million in the period between April 2026 and June 2026 despite its pivot towards AI infrastructure.

MARA Stock Price Drops on Weak Earnings

MARA stock price has dropped to a new August 2026 low after the company reported that it made a net loss of $611.3 million, with this loss coming from a drop in the price of the company’s Bitcoin stash.

The company also reported that it holds 35,577 Bitcoin that are worth $2.1 billion. This makes it the fourth biggest public holder of BTC after Strategy, Metaplanet and Twenty One Capital.

The $611.3 million net loss that Mara Holdings…