MARA Holdings, Inc. (NASDAQ:MARA) reported $632.1 million in third-quarter net income, driven by gains on its Bitcoin holdings.
MARA reports $632 million profit amid Bitcoin sales
MARA Holdings, Inc. (NASDAQ:MARA) reported $632.1 million in third-quarter net income, driven by gains on its Bitcoin holdings.
grafa.com
Publisher
Nov 10, 2026 at 4:30 AM UTC · 1 분 소요
Key Signal
$632.1M Third-quarter net income
Entities
bitcoin
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BTC-0.73%$73,434
Last Updated
2일 전
번역 중…
The profit compared with $123.1 million a year earlier, despite quarterly revenue falling 35% to $164.2 million.
“When we think about MARA’s future, the opportunity is bigger than monetizing the megawatt,” according to chairman and CEO Fred Thiel.
Unrealised gains on digital assets and Bitcoin receivables reached $885.3 million, supporting the quarterly profit.
Bitcoin mining revenue fell 34% to $159 million, while production increased 5% to 2,247 Bitcoin.
Bitcoin moved from $81,576.4 to $73,434.2 over the last 30-day period, a decline of 10.0 percent.
Source: Kraken · NewsLayer Markets · Updated 몇 초 전
After quarter-end, MARA sold 13,597 Bitcoin for approximately $1.1 billion, using $750 million to repay Bitcoin-backed loans.
The company is shifting towards AI and high-performance computing, backed by 1.9 gigawatts of energy capacity across 19 sites.
Following the announcement, MARA shares were up 4.57% to $6.64.
Follow the Story
- Nov 10MARA reports $632 million profit amid Bitcoin sales
- Nov 12Bitcoin consolidates near recent lows as hawkish Fed repricing weighs on the crypto market
- Nov 12iShares Bitcoin Premium Income ETF (Ondo Tokenized) Analytics
- Nov 12Bitcoin’s daily volume falls to 126K BTC, lowest in 10 years: Will BTC plummet to $60K?
- Nov 10MARA reports $632 million profit amid Bitcoin sales
- Nov 12Bitcoin consolidates near recent lows as hawkish Fed repricing weighs on the crypto market
- Nov 12iShares Bitcoin Premium Income ETF (Ondo Tokenized) Analytics
- Nov 12Bitcoin’s daily volume falls to 126K BTC, lowest in 10 years: Will BTC plummet to $60K?
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Originally reported by grafa.com
NewsLayer coverage based on externally reported material.
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