Firsthand Bitcoin · Data · Bitcoin miners
Power-only rate is MARA's stated 4¢ at its owned sites. All-in covers owned and hosted sites over the whole fleet's estimated energy (hashrate that ran × average J/TH). Power per bitcoin counts owned-site bitcoin only. Energy estimated from the bitcoin it mined.
| Period | Energy (MWh) | Power ¢/kWh | All-in ¢/kWh | Loaded ¢/kWh |
|---|---|---|---|---|
| Q1 2026 | 2,163,389 est. | 4.0¢ est. | 6.7¢ est. | 9.3¢ est. |
| Q2 2026 | 2,216,731 est. | 4.0¢ est. | 6.5¢ est. | 9.6¢ est. |
| H1 2026 | 4,380,120 est. | 4.0¢ est. | 6.6¢ est. | 9.4¢ est. |
| Period | Bitcoin mined | Power $/BTC | All-in $/BTC | Loaded $/BTC | Revenue $/BTC |
|---|---|---|---|---|---|
| Q1 2026 | 2,200 | $40,000 | $65,800 | $91,600 | $78,300 |
| Q2 2026 | 2,384 | $38,700 | $60,500 | $88,800 | $71,300 |
| H1 2026 | 4,584 | $39,300 | $63,000 | $90,200 | $74,700 |
| Period | Depreciation | Impairments | Spending on machines |
|---|---|---|---|
| Q1 2026 | $191.6m | $41.8m | $79.5m |
| Q2 2026 | $174.7m | $0.2m | $14.8m |
| H1 2026 | $366.2m | $42m | $94.3m |
Full analysis, with every filing linked · All public miners
This is our analysis of the company's public filings, not an audit in the accounting sense, and it is not investment advice. Mining output depends on bitcoin's price, difficulty and uptime, and isn't guaranteed.