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MARA Holdings Q3 Highlights: 2,247 Bitcoin Mined, AI & Cloud Push Continues

Benzinga·11/09/2026 21:46:03

MARA Holdings Inc (NASDAQ:MARA) reported third-quarter financial results Monday after market close.

Here are the key highlights.

MARA Q3 Financials

MARA reported third-quarter revenue of $164.23 million, down 35% year over year. The revenue total missed a Street consensus estimate of $181.94 million, according to data from Benzinga Pro.

The company reported quarterly earnings of $1.28 per diluted share, beating a Street consensus estimate of a loss of 20 cents per share.

Mara reported net income and adjusted EBITDA that was up significantly year-over-year.

In the quarter, Mara mined 2,247 Bitcoin (CRYPTO:BTC). The company’s hashrate increased by 18% year-over-year.

Mara sold 3,891 Bitcoin in the quarter at an average price of $75,300.

What’s Next for MARA Holdings

The company updated investors on several projects as its strategy to maximize the value of every megawatt moves forward. The company is evolving into an energy-backed digital infrastructure enterprise.

Bitcoin mining remains a core business, with AI infrastructure and the Exaion cloud infrastructure platform as the growth areas.

"Bitcoin built the foundation and our power portfolio broadened the opportunity," MARA CEO Fred Thiel wrote in a letter to shareholders. "Our partnerships expand the ways we can capture value from each megawatt. Our responsibility now is to execute with discipline and to show you the returns these assets can produce."

Mara Stock Price Action

Mara stock is up 0.9% to $6.70 in after-hours trading Monday versus a 52-week trading range of $5.81 to $16.62.

Photo: Shutterstock