How did MARA Holdings’ mining output compare with its financial results? In a third-quarter report covered by Foresight News on November 10, 2026, MARA reported producing 2,247 BTC, up 5% year over year, while revenue fell 35% to $164 million. Net profit rose to $632 million, from $123 million a year earlier. The report does not provide a cost breakdown explaining the change in profit.
MARA held 34,012 BTC at the end of September, down 36% year over year. According to the report, the decline mainly reflected BTC sales in the first half of the year; some proceeds were used to repurchase convertible debt and repay credit facilities.
In October, MARA sold 13,597 BTC at an average price of approximately $81,039, raising about $1.1 billion. It used the proceeds to repay a $750 million Bitcoin-backed loan in full, releasing 17,477 BTC that had been pledged as collateral.
Source: foresightnews.pro (originally published 2026-11-10 09:07 UTC+8)
