MARA reported a net profit of $632.1 million for the third quarter of 2026, compared with $123.1 million a year earlier, driven by an $885.3 million increase in the value of its Bitcoin holdings. Revenue fell 35% to $164.2 million, while mining revenue declined by $83.1 million despite an 18% increase in hashrate and production of 2,247 bitcoins. After the quarter ended, the miner sold 13,597 BTC for $1.1 billion to repay loans, leaving approximately 20,415 bitcoins in reserve, down from 34,012 on September 30. MARA plans to continue selling Bitcoin to finance AI data centers, including Long Ridge, a 485 MW site in Ohio, and rights to 2 GW in Texas.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
