Crypto

Bitcoin miner MARA sells 13,597 bitcoin and cuts $750 million debt

Bitcoin miner MARA reported a $634 million third-quarter net profit from bitcoin gains. It also sold 13,597 bitcoin and used the money to lower about $750 million of debt.

Illustration: A vast outdoor mining facility seen from straight above, with long parallel rows of shipping-container units, cables and a ribbon of road in the desert.
Illustration

MARA, a bitcoin miner, posted a net profit of $634 million for the third quarter. The profit was linked to gains on bitcoin, the digital currency the company holds.

The company also sold 13,597 bitcoin. The money from that sale was used to repay about $750 million of debt, which lowers the amount the company owes to lenders.

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

Prices by CoinGecko. Past moves say nothing about future ones.

The company's plans also point toward artificial intelligence, a field MARA is moving into. No further detail was given on that shift, so its size and timing are not yet clear.

MARA profit and debt

  • Q3 net profit634 million $
  • Debt to repay750 million $

Figures for MARA as stated in the material.

$1,000 in Bitcoin

Had you put $ into Bitcoin a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

Published
Updated
Section
Crypto
Markets
Bitcoin

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

Back to the front page

More news

Illustration: A large gold paper coin carrying the Bitcoin logo sits on the edge of a stepped cliff of coral and mustard paper, as if it is about to slide down.CryptoBitcoin slides to three-month low as crypto traders lose $599 millionBitcoin fell to its lowest level since August, and Ether dipped below $2,000. Traders who bet on higher crypto prices lost $599 million in 24 hours, adding to a wider slide in the market.Bitcoindown −17.05%1 monthIllustration: A hooded anonymous figure sits in a dark room facing laptop screens glowing red, face unseen, cyan light on wet surfaces.CryptoUS seeks to seize $1.2 billion from North Korea-linked Binance hackThe US Justice Department won court approval to seize or restrain over $1.2 billion stolen from Binance. It also disrupted a $400 million crypto theft scheme that used fake video calls.Illustration: A judge's wooden bench seen from the side in warm lamplight, with a heavy leather book and a small wooden mallet.CryptoLouisiana judge orders restraining order against prediction market operatorsA Louisiana judge has ordered a sweeping restraining order against prediction market operators, including Coinbase, Kalshi and Polymarket. Coinbase is also defending its US stock perpetual futures in court.Coinbase Globaldown −25.85%1 monthIllustration: A lone gold coin on a dark table, drawn in smudged charcoal with one bright yellow pastel highlight, seen up close.CryptoMSCI to drop Strategy from its indexes at November 30 closeMSCI will remove Strategy, the largest company holder of bitcoin, from its equity indexes after November 30. Its chief executive says the change will not derail its bitcoin treasury approach.Strategydown −22.93%1 monthIllustration: A long hallway with closed doors and a single briefcase on the floor, lit by warm evening light.CryptoTrump nominates Steven Levine to replace Hester Peirce at SECPresident Donald Trump has nominated Steven Levine, a Republican lawyer, to replace Hester Peirce at the Securities and Exchange Commission. Peirce led the agency's crypto work before leaving, so the choice matters for how digital assets are overseen.Illustration: Close up, a hand holds a phone with a plain coin on its screen, printed in pink and teal overlapping inks with yellow token shapes floating behind.CryptoGemini revenue falls 19% to $40.9 million as trading slumpsGemini's retail trading volume fell to a three-year low this quarter. Its third-quarter revenue dropped 19% to $40.9 million as trading slowed.