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MARA Sells $1.1 Billion in Bitcoin, Revenue Falls 35%

U.S. Bitcoin miner MARA sold a large amount of Bitcoin and fully repaid its collateralized loan, Wu Blockchain reported on November 9.

bloomingbit

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Nov 10, 2026 at 4:04 AM UTC · 1 Min. Lesezeit

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Summary

MARA said it sold 13,597 Bitcoin to raise about $1.1 billion and fully repaid its $750 million Bitcoin-backed loan.
MARA said third-quarter revenue fell 35% from a year earlier to $164.2 million, but it posted net income of $632 million after reflecting about $885 million in fair-value gains on digital assets.
As of September 30, MARA said its Bitcoin holdings stood at 34,012, down 36% from a year earlier, while Bitcoin production during the same period rose 5% to 2,247.

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U.S. Bitcoin miner MARA sold a large amount of Bitcoin and fully repaid its collateralized loan, Wu Blockchain reported on November 9.

In its third-quarter 2026 earnings report, MARA said it sold 13,597 Bitcoin after the quarter ended, raising about $1.1 billion. The average sale price was $81,039 per token.

Bitcoin · 30-day price▼ 8.8%

Source: Kraken · NewsLayer Markets · Updated vor ein paar Sekunden

The company used the proceeds to fully repay its $750 million Bitcoin-backed loan. The repayment also released the lien on 17,477 Bitcoin that had been pledged as collateral.

Third-quarter revenue was $164.2 million, down 35% from a year earlier. Net income was $632 million. Results were boosted by about $885 million in fair-value gains on digital assets.

As of September 30, MARA held 34,012 Bitcoin, down 36% from a year earlier. Over the same period, Bitcoin production rose 5% to 2,247, diverging from the decline in holdings.

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Originally reported by bloomingbit

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