MARA Holdings reported a net profit of $632 million in the third quarter, producing 2,247 BTC.

MARA Holdings released its third-quarter financial report, showing that it produced 2,247 BTC during the quarter, a year-on-year increase of 5%; revenue was $164 million, a year-on-year decrease of 35%; and net profit increased to $632 million. As of the end of September, MARA Holdings held 34,012 BTC. In October, MARA Holdings sold 13,597 BTC at an average price of approximately $81,039, raising about $1.1 billion. The proceeds were used to fully repay $750 million in Bitcoin mortgage loans and to unpledge 17,477 BTC.