Yahoo Financeยท2025-11-04 14:49Collaboration Announcement - MARA Holdings and MPLX LP have announced a collaboration to build integrated power generation and data center campuses in West Texas, marking a significant advancement in energy and computing infrastructure development [1] - MPLX will supply natural gas from its Delaware Basin processing plants to MARA's planned gas-fired power facilities, which will initially deliver 400 MW of electricity with potential expansion to 1.5 GW [1] Benefits of the Collaboration - The power generated will serve MARA's data centers and enhance energy reliability for MPLX's regional operations [2] - MPLX's CEO stated that the deal strengthens the company's natural gas value chain, while MARA's CEO highlighted the advantages of utilizing local low-cost gas for efficient, high-performance data centers [2] - The project is expected to evolve from supporting mining operations to advanced AI and high-performance computing workloads [2] Financial Performance - MARA reported third quarter 2025 revenues of $252 million, a 92% increase year-over-year [3] - The company achieved a net income of $123 million, a significant turnaround from a net loss of $125 million in the same period last year [3] - Adjusted EBITDA rose by 1,671% to $395.6 million, and the energized hashrate climbed 64% to 60.4 EH/s, with bitcoin holdings nearly doubling to 52,850 [3] - Despite strong financial results, MARA's stock is down 2.3% in early trading due to declines in both crypto and traditional markets [3]