Record Bitcoin Holdings and Revenue Growth
MARA ended the quarter with 52,850 Bitcoin, marking a 98% increase from the previous year. Revenues increased by 92% to $252.4 million compared to $131.6 million in Q3 2024.
New Strategic Initiatives and Partnerships
MARA announced the pending acquisition of Exaion, a subsidiary of EDF, to expand AI-optimized private cloud capabilities. Additionally, a partnership with MPLX was announced to develop power generation facilities and data centers in West Texas with an initial capacity of 400 megawatts.
Successful Vertical Integration and Cost Management
The company reported a 15% improvement in daily cost per petahash, and 70% of its nameplate megawatt capacity is now owned and operated.
Strong Financial Position
MARA holds over $7 billion in liquid assets, providing flexibility for growth and international expansion.