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MARA sells 13,597 bitcoin
MARA Holdings (MARA) sold 13,597 bitcoin after its third quarter ended and used $750 million of the cash to fully repay loans backed by its bitcoin. The rising value of the bitcoin it holds drove a large quarterly profit, even as mining revenue fell. Management is moving the company toward AI computing.
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MARA sells 13,597 bitcoin to repay $750M loans
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The Block
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MARA posts $634 million Q3 net profit on bitcoin gains, sells 13,597 BTC to pay off loans