MARA Announces Q3 Results and Discloses Sale of 13,597 BTC in October to Repay Loans
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AT A GLANCE
MARA's third-quarter net profit increased to 632000000 USD, and in October it sold 13,597 BTC to repay debt.
Article
Bitcoin mining company MARA's Q3 net profit increased to 632000000 USD, with the sale of 13,597 BTC in October used for debt repayment
BlockBeats news, November 10: Bitcoin mining company MARA announced its third-quarter 2026 results. The company mined 2,247 BTC during the quarter, a year-on-year increase of 5%, while powered hashrate rose 18% year-on-year to 71.2 EH/s. Revenue decreased 35% year-on-year to 164000000 USD, and net profit increased from 123000000 USD in the same period last year to 632000000 USD. The price of Bitcoin rose by approximately 43% compared to the end of the second quarter, and the change in fair value of MARA's holdings was recognized in current period profit or loss.
As of the end of September, MARA held 34,012 BTC, a year-on-year decrease of 36%. The decline was primarily due to coin sales in the first half of the year, with part of the proceeds used to repurchase convertible bonds and repay credit facilities. In October, MARA sold an additional 13,597 BTC at an average price of approximately 81,039 USD, raising about 1100000000 USD. These funds were used to fully repay a 750000000 USD Bitcoin-backed loan and release the collateral on 17,477 BTC.
Original link https://m.theblockbeats.info/flash/376412
Key points
01
MARA announced its 2026 third-quarter results, mining 2,247 BTC during the quarter, a 5% year-over-year increase.
02
MARA's powered-up hashrate increased 18% year-on-year to 71.2 EH/s。
03
MARA's Q3 revenue fell 35% year-on-year to USD 164000000, while net profit increased from USD 123000000 in the same period last year to USD 632000000.
04
The Bitcoin price rose approximately 43% from the end of the second quarter, and changes in the fair value of MARA's holdings are recognized in current period profit or loss.
05
As of the end of September, MARA held 34,012 BTC, a year-over-year decrease of 36%; the original text stated that the decline mainly came from coin-selling transactions in the first half of the year, with part of the proceeds used to repurchase convertible bonds and repay credit facilities.
06
In October, MARA sold 13,597 BTC at an average price of approximately 81,039 USD, recovering about 1100000000 USD.
07
The original text states that the proceeds from the sale were used to fully repay a Bitcoin-backed loan of 750000000 USD and to release 17,477 BTC from collateral.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
MARA's revenue declined this quarter, but net profit increased significantly. The original text also pointed out that the fair value changes in holdings brought about by the rise in Bitcoin prices were included in current-period profit or loss, so net profit does not only reflect mining and sales performance. The company subsequently sold part of its BTC and used the proceeds to repay mortgage loans and release the BTC collateral.
Why it matters to readers
These data simultaneously reflect MARA's mining output, revenue changes, Bitcoin holdings, and debt handling. When observing its performance, it is necessary to distinguish between the impact of operating revenue and changes in the price of Bitcoin holdings on profit.
Beginners should not focus solely on net profit growth; they should also pay attention to declining revenue, reduced BTC holdings, and the impact of fair value changes on profits.
Risks and unknowns
The evidence is a paraphrase by BlockBeats, and no official MARA financial report or announcement content has been provided for verification.
The evidence did not disclose the cash balance after the sale of BTC, the remaining debt, or subsequent position plans.
The evidence does not state whether this BTC sale had a direct impact on the market price or liquidity.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
