🚨NEWS IN: BITCOIN MINING FIRM, MARA HOLDINGS REPORT PROFITS OF $123M FOR Q3🔥🔥🔥
On November 4th, the Bitcoin mining firm Mara Holdings announced a record profit. In the third quarter, it achieved a profit of $123 million. This was mainly driven by the increase in the price of $BTC during the quarter and the improvement in operational efficiency. As a result, the revenue grew by 92% to $252 million. This performance represents a turnaround for the company compared to a loss of $125 million a year ago. The company's performance has seen a significant improvement, benefiting from a 64% increase in hash rate and a reduction in electricity costs. The company mined 2,144 $BTC in the third quarter and currently holds 53,250 bitcoins. At the current price, this is valued at nearly $5.6 billion.
NOT financial advice, DYOR.
Source: Lookonchain
