MARA Reports $634.4 Million Q3 Profit as Revenue Falls 35%
MARA Holdings reported third-quarter 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. The headline also says the company sold 13,597 BTC to repay loans.
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10:41:36 PM UTC
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MARA Holdings, Inc. reports results for the quarter ended September 30 - Earnings Summary
MARA Holdings (Nasdaq: MARA) reported a third-quarter net profit of $634.4 million, compared with $123.1 million a year earlier, despite revenue falling 35% year over year to $164.2 million. The firm reported revenue of $174.9 million in the prior quarter.Profit was driven largely by bitcoin apprec…