[Mara Holdings Q3 Profit Reaches $123 Million, Sets Record High]
Bitcoin mining company Mara Holdings announced a third-quarter profit of $123 million, setting a record high, primarily driven by the rise in Bitcoin prices and improved operational efficiency. Quarterly revenue increased by 92% to $252 million, marking a turnaround from losses, with a significant improvement compared to a $125 million loss in the same period last year. Computing power increased by 64% during the quarter, electricity costs decreased, and 2,144 Bitcoins were mined. The company currently holds 53,250 Bitcoins, valued at approximately $5.6 billion at current prices.