MARA generated $634 million in profit and sold 13,597 BTC to pay off debt.
Mining company MARA reported net profit attributable to shareholders of $634.4 million for the third quarter, down from $123.1 million a year earlier. The main contributor was an $885 million revaluation of Bitcoin assets. Revenue decreased by 35% to $164.2 million. After the quarter, the company sold 13,597 BTC for approximately $1.1 billion, using $750 million to fully repay crypto-backed loans.
Mining company MARA reported net profit attributable to shareholders of $634.4 million for the third quarter, down from $123.1 million a year earlier. The main contributor was an $885 million revaluation of Bitcoin assets. Revenue decreased by 35% to $164.2 million. After the quarter, the company sold 13,597 BTC for approximately $1.1 billion, using $750 million to fully repay crypto-backed loans.
