Bitcoin Miner MARA Sells 13,597 BTC for $1.1B to Repay Debt

Bitcoin miner MARA Holdings reported a sharp rise in third-quarter profit even as its mining business faced lower revenue and weaker block reward income. The company recorded $634.4 million in net income for Q3 2026, compared with $123.1 million a year earlier. Its results also included a major post-quarter Bitcoin sale. In Q3, MARA Holdings posted net income attributed to common stockholders at $634.4 million against $123.1 million in Q3 last year. But there was a 35% drop in revenues from $253.4 million in Q3 of last year to $164.2 million.