Finance2 sources
Bitcoin Miner MARA Sells BTC to Repay Loans, Posts Q3 Profit
- Bitcoin miner MARA sold 13,597 BTC for $1.1 billion over six weeks.
- MARA used the proceeds to repay $750 million in loans.
- The company reported a $634.4 million net profit in Q3.
- MARA plans to sell more BTC to fund its AI datacenters.
- The company has paid off all loans backed by its bitcoin.