MARA posts record $123 million profit by pairing bitcoin operations with new power and AI assets

Nasdaq-listed MARA Holdings Inc. announced record third-quarter earnings of $123 million, a significant turnaround from a $125 million loss the previous year. This profit surge was fueled by higher Bitcoin prices during the quarter and a 92% jump in revenue to $252 million, aided by a 64% increase in hashrate and lower power costs. The company mined 2,144 Bitcoin in the quarter and currently holds 53,250 BTC, ranking it second among publicly known Bitcoin treasuries. Furthermore, MARA is strategically shifting toward integrating energy production with digital infrastructure by partnering with MPLX LP to build up to 1.5 gigawatts of gas-fired power generation and data-center capacity in West Texas. This initiative positions MARA to serve both Bitcoin mining and emerging AI-computing workloads, mirroring industry trends where control over low-cost energy is becoming a key competitive advantage.

(Source：The Block)