Mara Holdings Reports Record Profits in Q3

According to BlockBeats, Mara Holdings announced record earnings for the third quarter, with profits reaching $123 million. This significant improvement is attributed to the rise in Bitcoin prices and enhanced operational efficiency, leading to a 92% increase in revenue, totaling $252 million. The company has successfully transitioned from a loss of $125 million a year ago to profitability, thanks to a 64% increase in computing power and reduced electricity costs. During the third quarter, Mara Holdings mined 2,144 Bitcoins and currently holds 53,250 Bitcoins, valued at approximately $5 source: https://www.binance.com/en/square/post/31938774689961?utm_source=BinanceNewsRSS