Mara Holdings Records Profound Q3 Profit Surge

Mara Holdings announced record profits for the third quarter, with earnings reaching a staggering $123 million. This remarkable achievement is attributed to soaring Bitcoin prices and increased operational efficiency. Notably, revenue surged by 92%, reaching $252 million, marking a significant turnaround from last year’s losses of $125 million. Contributing factors include an impressive 64% increase in computing power and reduced electricity costs.