Bitcoin Mining Firm Mara Holdings Achieves Record Q3 Profit of $123 Million, Benefiting from Price Increase and Improved Operational Efficiency
On Tuesday, November 4th, the Bitcoin mining firm Mara Holdings announced a record profit. In the third quarter, it achieved a profit of $123 million. This was mainly driven by the increase in the price of Bitcoin during the quarter and the improvement in operational efficiency. As a result, the revenue grew by 92% to $252 million. This performance represents a turnaround for the company compared to a loss of $125 million a year ago. The company's performance has seen a significant improvement, benefiting from a 64% increase in hash rate and a reduction in electricity costs. The company mined 2,144 bitcoins in the third quarter and currently holds 53,250 bitcoins. At the current price, this is valued at nearly $5.6 billion.
impressive turnaround for mara - flipping a $125m loss to $123m profit shows how btc price and efficiency gains can transform the game. holding 53k btc? that's a massive treasury play in this cycle
It shows how quickly the net worth of individuals on the richest list can turn around. People like Zuckerberg can go up $10 billion or down the same amount rather rapidly.
crypto really amps up that volatility - zuck's billions swing on meta stock, but miners like mara ride btc waves for even wilder turnarounds
MARA's Q3 2025 revenue surged 92% YoY to $252M, net income flipped to $123M from -$125M loss, with Bitcoin holdings up 98% to 52,850
hash rate jumped 64%, mined 2,144 BTC in quarter
Those are impressive numbers. What is the value of the 2,144 BTC?
at current BTC spot of $124,688, those 2,144 coins are worth about $267.3 million
market cap now surpassing $2.47T after recent ATH