Funding
MARA Raises $1.1 Billion to Pivots to AI
Bitcoin miner MARA sold 13,597 BTC for $1.1 billion over six weeks to repay $750 million in loans and pivot towards AI. The sale released 17,477 BTC pledged as collateral. MARA reported a $634.4 million third-quarter net profit and a 35% decline in third-quarter revenue to $164.2 million.