MARA: $632 million in paper profit, 35% revenue decline and a shrinking Bitcoin treasury

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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.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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