MARA Reports Mixed Q3 Results: EPS Miss, Revenues Beat

Core Insights - MARA Holdings, Inc. reported third-quarter earnings of 27 cents per share, missing the consensus estimate of 44 cents by 38.22% [2] - Quarterly revenue reached $252.41 million, surpassing the Street estimate of $250.67 million [2] Financial Performance - Revenues increased by 92% year-over-year to $252 million [5] - Net income improved to $123 million from a loss of $125 million in the third quarter of 2024 [5] - Bitcoin holdings rose by 98% year-over-year to 52,850 from 26,747 at the end of the third quarter of 2024 [5] Industry Perspective - The CEO of MARA emphasized the importance of energy in the digital economy, likening electrons to oil and stating that those who control low-cost energy will generate significant value [3]