MARA Announces 2026 Q3 Results: Mined 2,247 BTC, with Net Profit Reaching 632 Million US Dollars
2026-11-10 05:22:53
According to CoinMeta, Wu said that Bitcoin mining company MARA released its financial results for the third quarter of 2026. During that quarter, they mined 2,247 BTC, a 5% increase year-on-year, and their computing power increased by 18% to 71.2 EH /s. Revenue decreased by 35% to 164 million US dollars, while net profit rose from 123 million US dollars in the same period last year to 632 million US dollars. The price of Bitcoin increased by about 43% compared to the end of the second quarter, and the change in fair value of MARA holdings was recorded in the current period's profits and losses. As of the end of September, MARA held 34,012 BTC, a 36% decrease year-on-year, with the decline mainly coming from coin sales in the first half of the year. Part of the proceeds were used to repurchase convertible bonds and repay loans. In October, MARA sold 13,597 BTC at an average price of about 81,039 US dollars, raising approximately 1.1 billion US dollars, which was used to fully repay a 750 million US dollar Bitcoin mortgage loan and to lift the mortgage on 17,477 BTC.
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