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3️⃣ Gate Square certified creator meeting follower and engagement criteria
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Bitcoin mining company Mara Holdings reported a record profit of $123 million in Q3, benefiting from the pump in coin prices and improved operational efficiency.
According to Mars Finance, on November 4th, Bitcoin mining company Mara Holdings announced record earnings, with third-quarter profits reaching $123 million, primarily driven by the rise in Bitcoin prices and improved operational efficiency, resulting in a 92% increase in revenue to $252 million. This performance marks the company’s return to profitability, a significant improvement compared to a loss of $125 million a year ago, thanks to a 64% increase in Computing Power and a drop in electricity costs. The company mined 2,144 Bitcoins in Q3 and currently holds 53,250 Bitcoins, valued at nearly $5.6 billion at current prices.