Bitcoin miner MARA hit a record high in Q3, generating $252 million in revenue—a 92% year-over-year increase. The company also posted net income of $123 million, or $0.27 per share, compared to a loss of $124 million last year, while improving its energized hashrate and mining fleet efficiency. Despite this, MARA shares fell about 5.8% to $16.96 as Bitcoin briefly dipped below $100K. CEO Fred Thiel emphasized that the firm is evolving beyond pure Bitcoin mining into a vertically integrated digital infrastructure company, aiming to convert energy into both value and AI computing capabilities.

#bitcoin #MARA #CryptoMining #blockchain #DigitalInfrastructure