MARA Q3 financial report: Bitcoin holdings increased to 26,747, with a total of 2,070 BTC in Q3

Bitcoin miner MARA Holdings (formerly known as Marathon Digital) reported its third-quarter earnings on Tuesday afternoon, posting a quarterly loss of $0.34 per share, according to Market Watch data, in line with market consensus expectations. Third-quarter sales were $131.60 million, below expectations of $151.60 million, an improvement from a net loss of $199.70 million in the second quarter.
As of October 31, MARA held 26,747 BTC on its balance sheet, with a total of 2,070 BTC in Q3 and 6,210 BTC purchased, of which 4,144 were purchased using proceeds from the $300 million convertible senior note issue at an average price of $59,500. Last week, MARA said that a total of 717 BTC was generated in October, an increase of 2% month-on-month, and the hashrate rose to 40.2 EH/s for the month. On Monday, the company announced the acquisition of two power plants in Ohio with a combined capacity of 222 trillion watts for $270 per kilowatt.