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MARA repays $750 million in bitcoin-backed loans after selling 13,597 BTC

Several bitcoin miners sold coins or posted weaker results this quarter. MARA sold 13,597 BTC to clear bitcoin-backed debt, while HIVE posted a $79 million net loss. For investors, the moves show how these companies handle debt and cash.

Illustration: A single mining machine with two fans sits next to a stack of gold tokens with a circuit pattern, on a seamless electric blue backdrop.
Illustration

MARA Holdings sold 13,597 BTC after its third-quarter results and still holds 34,012 BTC. The company used the sale to pay off $750 million in loans secured by bitcoin, which are known as bitcoin-collateralized debt. By one calculation, about $350 million was left from the sale after the loans were repaid.

MARA also cleared its bitcoin-backed debt and approved a $500 million buyback after reporting a third-quarter profit. A buyback means a company uses its own cash to buy its shares back from investors, which can reduce the number of shares in circulation.

Bitcoin$68,940down −17.05%over 1 month
$84,082$68,94314 Oct13 Nov

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HIVE reported a $79 million quarterly net loss as its bitcoin mining revenue fell. A net loss means costs and other charges were larger than the income the company brought in. At the same time, its AI business grew.

Dollar amounts in the company reports

  • Loan repayment750 million $
  • Buyback approved500 million $
  • HIVE net loss79 million $
  • Hyperscale sale16 million $

Figures as stated by each company in the material.

Hyperscale Data sold 211 bitcoin for $16 million, and the money is meant to fund an AI data center. The sale shows that smaller miners are also selling coins to pay for new projects.

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This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

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