MARA Reports Q3 Net Profit and Sells Bitcoin to Repay Debt
Mining firm MARA posted a strong Q3 net profit driven by digital asset gains and sold thousands of bitcoin to clear its outstanding loans.
Cryptocurrency mining company MARA announced a significant net profit of $634.4 million for the third quarter, largely bolstered by gains on its bitcoin holdings.
Following the financial results, the firm sold 13,597 bitcoin to pay off $750 million in loans as part of a broader strategic shift towards artificial intelligence.
Original report: The Block ↗
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