MARA, a Leading Listed Bitcoin Miner, Sells $1.1 Billion in BTC as Revenue Falls 35%

MARA, one of the world’s largest publicly traded Bitcoin mining companies, disclosed in its Q3 2026 earnings that it sold 13,597 BTC after quarter-end at an average price of $81,039, raising approximately $1.1 billion. The proceeds were used to fully repay $750 million in Bitcoin-backed loans, releasing 17,477 BTC previously pledged as collateral. Q3 revenue fell 35% year-over-year to $164.2 million, while net income reached $632 million, largely driven by $885 million in digital asset fair-value gains. As of September 30, MARA held 34,012 BTC, down 36% year-over-year, and mined 2,247 BTC during the quarter, up 5%.