MARA Q3 Net Profit Rises to $632 Million, Sells 13,597 BTC in October to Repay Loans

Bitcoin mining company MARA announced its Q3 2026 performance, mining 2,247 BTC, a year-on-year increase of 5%, with powered hash rate increasing by 18% to 71.2 EH/s. Revenue decreased by 35% year-on-year to $164 million, while net profit rose from $123 million in the same period last year to $632 million. The price of Bitcoin increased by approximately 43% compared to the end of Q2, with the fair value changes of MARA's holdings recognized in the current profit and loss. As of the end of September, MARA held 34,012 BTC, a year-on-year decrease of 36%, primarily due to coin sales in the first half of the year, with part of the proceeds used to repurchase convertible bonds and repay loans. In October, MARA sold 13,597 BTC at an average price of approximately $81,039, raising about $1.1 billion to fully repay a $750 million Bitcoin collateralized loan and release 17,477 BTC from collateral.

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