Bitcoin Mining Firm MARA Hits New Record Revenue High of $252 Million

MARA Holdings, a publicly traded company specializing in bitcoin mining, announced record-breaking Q3 revenue for fiscal 2023. The firm’s impressive third quarter brought in $252 million, marking a staggering 92% increase compared to the same period last year. This achievement is attributed to several factors including increased Bitcoin production, a recovery in the bitcoin market price, and improved operational efficiency, according to company reports from Decrypt.