CROWDFUNDINSIDER · 2026-11-11 01:23 UTC

MARA's $634M Q3 Profit and Bitcoin (BTC) Sale Signal Broader Shift as Riot Platforms and Hut 8 Monetize Holdings for AI Infrastructure

MARA reported Q3 net income of about $632 million ($1.28 per diluted share), up from $123.1 million, driven by roughly $885 million in fair-value gains on digital assets, while revenue fell 35% to $164.2 million. After quarter-end MARA sold 13,597 bitcoin for about $1.1 billion, using $750 million to repay bitcoin-collateralized term loans and cut total debt 37% year to date. Management plans further bitcoin sales to fund AI infrastructure, convertible note obligations and a new share repurchase program of up to $500 million; Riot Platforms and Hut 8 have made similar moves.

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