MARA Q3 financial report: 2,070 BTC produced and 6,210 BTC purchased, total holdings increased to 26,747

Bitcoin miner MARA Holdings (formerly known as Marathon Digital) released its third-quarter earnings report on Tuesday afternoon. The largest publicly traded crypto miner by market value ($7.4 billion) reported a quarterly loss of $0.34 per share, which was in line with consensus expectations, according to MarketWatch data. Third-quarter sales were $131.6 million, below expectations of $151.6 million, and an improvement from a net loss of $199.7 million in the second quarter. As of October 31, MARA held 26,747 BTC on its balance sheet, with 2,070 BTC produced in Q3 and 6,210 BTC purchased, of which 4,144 were purchased using proceeds from a $300 million convertible senior note offering at an average price of $59,500. Last week, MARA said it produced 717 BTC in October, up 2% from the previous month, and that month’s hashrate rose to 40.2 EH/s. On Monday, the company announced that it had acquired two power plants in Ohio with a total capacity of 222 megawatts at a price of $270 per kilowatt. (The Block)