Mara Holdings Inc. reports Q3 revenue of $252.4 million and net income of $123 million

Reuters
11/05
Mara Holdings Inc. reports Q3 revenue of $252.4 million and net income of $123 million

Mara Holdings Inc. reported third quarter 2025 revenues of $252.4 million, a 92% increase year-over-year, marking the highest revenue quarter in company history. Net income reached $123.1 million, compared to a net loss of $124.8 million in the same period last year. Adjusted EBITDA rose 1,671% year-over-year to $395.6 million. The company improved its cost per petahash per day by 15% to $31.3, and its purchased energy cost per bitcoin was $39,200. Energized hashrate increased 64% to 60.4 EH/s, and bitcoin holdings grew 98% to 52,850. Mara deployed its first ten AI inference racks at the Granbury site and announced strategic partnerships, including an investment in Exaion, a subsidiary of EDF, and a joint initiative with MPLX to develop integrated power generation and data center campuses in West Texas. Cash and bitcoin holdings totaled approximately $6.8 billion at the end of the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mara Holdings Inc. published the original content used to generate this news brief on November 05, 2025, and is solely responsible for the information contained therein.

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