Earnings season begins in the Bitcoin mining space with Mara Holdings reporting powerful Q2 results, including $808 million in net income largely driven by their Bitcoin holdings.

• Bit Digital awards 300,000 restricted stock units to senior management
• WhiteFiber IPO structure reveals BitDigital shareholders will retain 75.1% of the new company
• Hive Digital achieves 14 EH/s milestone on path to 25 EH/s by November
• Mara Holdings reports 64% revenue increase to $238 million with improved margins
• FASB accounting rules allow Bitcoin holdings to be marked to market, adding $1.2 billion to Mara's balance sheet
• Mara now has 70% of mining operations in self-owned facilities with $0.04/kWh average power costs
• Cost to mine each Bitcoin is approximately $73,832 against revenue of $101,139 per coin
• JP Morgan and Coinbase partnership creates direct bank-to-wallet connection for seamless transfers

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