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Bitcoin miners MARA and CleanSpark report sharp revenue drops amid AI pivot and market cooling.

Market News
07 Aug 2026
Blockonomi
View Source
Bearish
Bitcoin miners MARA and CleanSpark report sharp revenue drops amid AI pivot and market cooling.

Leading Bitcoin miners MARA Holdings and CleanSpark reported significant revenue declines in recent quarters, with MARA's Q2 2026 revenue down 27% to $174.9 million and CleanSpark's Q3 revenue down 30.5% to $138 million. Both companies are shifting focus toward artificial intelligence and high-performance computing infrastructure, but market enthusiasm for AI-related deals has weakened, with stock gains from AI announcements dropping from 24% to about 10%. MARA also reported a 29% drop in Bitcoin holdings and large net losses due to asset write-downs. Despite setbacks, both firms continue expanding AI infrastructure, with MARA finalizing acquisitions and CleanSpark securing a major lease deal. The broader AI infrastructure sector has seen declining stock indices since mid-2026, signaling cautious investor sentiment.

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