Back to $1.1 Billion and Releases Collateral, MARA Sold 13,597 BTC in October

Odaily Report: MARA announced its Q3 2026 financial results, mining 2,247 BTC during the quarter, up 5% year-over-year; energized hashrate increased 18% year-over-year to 71.2 EH/s. Revenue declined 35% year-over-year to $164 million, while net income rose from $123 million in the same period last year to $632 million. Bitcoin's price rose approximately 43% from the end of Q2, and fair value changes on MARA's holdings were recognized in current period profit and loss.

As of the end of September, MARA held 34,012 BTC, down 36% year-over-year, with the decline mainly attributable to BTC sales in the first half of the year, part of the proceeds from which were used to repurchase convertible bonds and repay credit facilities. In October, MARA sold 13,597 BTC at an average price of approximately $81,039, recovering about $1.1 billion to fully repay a $750 million Bitcoin-backed loan and release 17,477 BTC from collateral.