PANews reported on November 4th that, according to The Block, Nasdaq-listed MARA Holdings Inc (ticker symbol MARA) reported record earnings on Tuesday. The company's third-quarter profit reached $123 million, while revenue jumped 92% to $252 million, thanks to rising Bitcoin prices and improved operational efficiency. This represented a significant turnaround from a $125 million loss in the same period last year, driven by a 64% increase in computing power and lower electricity costs. The company mined 2,144 bitcoins during the quarter and currently holds 53,250 bitcoins, worth nearly $5.6 billion at current prices. This places MARA second among all known publicly held bitcoin reserves, behind only Strategy. Adjusted EBITDA rose to nearly $400 million as the company focuses on acquiring more energy infrastructure and reducing hosting fees. MARA ended the quarter with $6.8 billion in cash and bitcoins and reaffirmed its goal of achieving a total hashrate of 75 EH/s by the end of the year, an improvement of approximately 25% from current levels.PANews reported on November 4th that, according to The Block, Nasdaq-listed MARA Holdings Inc (ticker symbol MARA) reported record earnings on Tuesday. The company's third-quarter profit reached $123 million, while revenue jumped 92% to $252 million, thanks to rising Bitcoin prices and improved operational efficiency. This represented a significant turnaround from a $125 million loss in the same period last year, driven by a 64% increase in computing power and lower electricity costs. The company mined 2,144 bitcoins during the quarter and currently holds 53,250 bitcoins, worth nearly $5.6 billion at current prices. This places MARA second among all known publicly held bitcoin reserves, behind only Strategy. Adjusted EBITDA rose to nearly $400 million as the company focuses on acquiring more energy infrastructure and reducing hosting fees. MARA ended the quarter with $6.8 billion in cash and bitcoins and reaffirmed its goal of achieving a total hashrate of 75 EH/s by the end of the year, an improvement of approximately 25% from current levels.
MARA Holdings reported a record profit of $123 million in the third quarter.
PANews reported on November 4th that, according to The Block, Nasdaq-listed MARA Holdings Inc (ticker symbol MARA) reported record earnings on Tuesday. The company's third-quarter profit reached $123 million, while revenue jumped 92% to $252 million, thanks to rising Bitcoin prices and improved operational efficiency. This represented a significant turnaround from a $125 million loss in the same period last year, driven by a 64% increase in computing power and lower electricity costs.
The company mined 2,144 bitcoins during the quarter and currently holds 53,250 bitcoins, worth nearly $5.6 billion at current prices. This places MARA second among all known publicly held bitcoin reserves, behind only Strategy. Adjusted EBITDA rose to nearly $400 million as the company focuses on acquiring more energy infrastructure and reducing hosting fees. MARA ended the quarter with $6.8 billion in cash and bitcoins and reaffirmed its goal of achieving a total hashrate of 75 EH/s by the end of the year, an improvement of approximately 25% from current levels.
Market Opportunity
Blockstreet Price(BLOCK)
$0.01403
$0.01403$0.01403
USD
Blockstreet (BLOCK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Top 3 Price Prediction for Ethereum, XRP and Bitcoin If Crypto Structure Bill Passes This Month
The post Top 3 Price Prediction for Ethereum, XRP and Bitcoin If Crypto Structure Bill Passes This Month appeared on BitcoinEthereumNews.com. Bitcoin price, Ethereum
Share
BitcoinEthereumNews2026/01/20 03:41
Polygon Tops RWA Rankings With $1.1B in Tokenized Assets
The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
‘A Knight Of The Seven Kingdoms’ Season 1 Premiere Recap And Review: ‘The Hedge Knight’
The post ‘A Knight Of The Seven Kingdoms’ Season 1 Premiere Recap And Review: ‘The Hedge Knight’ appeared on BitcoinEthereumNews.com. A Knight Of The Seven Kingdoms
Share
BitcoinEthereumNews2026/01/20 03:28