Bitcoin mining company Mara Holdings achieves record Q3 profit of $123 million

Jinse Finance reported that bitcoin mining company Mara Holdings released its financial report for the third quarter of 2025, with a net profit of $123 million, setting a new company record. The growth in performance was mainly driven by the rise in bitcoin prices and improved operational efficiency. The company's quarterly revenue increased by 92% year-on-year, reaching $252 million. Mara Holdings mined a total of 2,144 bitcoins in the third quarter and turned profitable, a significant improvement compared to a net loss of $125 million in the same period last year. The company stated that this was due to a 64% increase in computing power and a decrease in electricity costs. Currently, it holds about 53,250 bitcoins, with a total value of approximately $5.6 billion at current prices.