THE BLOCK · 2026-11-09 22:07 UTC

MARA posts $634 million Q3 net profit on bitcoin gains, sells 13,597 BTC to pay off loans

MARA reported Q3 net profit of $634.4 million, up from $123.1 million a year earlier, while revenue fell 35% year over year to $164.2 million. Profit was driven largely by nearly $885 million in fair-value gains on digital assets and bitcoin receivables, while block reward income fell 37%. After quarter-end, MARA sold 13,597 bitcoin for about $1.1 billion and used $750 million to fully repay bitcoin-collateralized loans; total debt is down 37% this year to $1.4 billion.

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