Update
MARA Holdings Reports $632.1 Million Q3 Profit
MARA Holdings, formerly known as Marathon Digital Holdings, reported a third-quarter net income of $632.1 million, or $1.28 per diluted share. The majority of the profit came from the Bitcoin the company holds, not from the Bitcoin it mined and sold. The company sold 13,597 Bitcoin for around $1.1 billion, using most of the proceeds to pay down debt. As of September 30, MARA Holdings held 34,012 Bitcoin, including receivables, and had $946.5 million in cash and equivalents.