MARA sells 13,597 Bitcoin to repay $750m in debt
The miner reported a $634.4 million net profit for the third quarter as it authorised a $500 million share buyback and shifted its focus to artificial intelligence.
Key takeaways
- 1MARA sold 13,597 BTC to clear $750 million in loans.
- 2The company reported a Q3 net profit of $634.4 million.
- 3A new $500 million stock buyback programme was authorised.
MARA sold 13,597 bitcoin to repay $750 million in debt during the third quarter of 2026. The company reported a net profit of $634.4 million for the period, a result driven primarily by gains on its digital asset holdings. This performance marks a significant turn for the miner as it manages its balance sheet and addresses outstanding loans that were due during the quarter.
Alongside the debt repayment, the company’s board authorised a new $500 million stock buyback programme to return value to shareholders. MARA said it is shifting its business focus toward artificial intelligence and high-performance computing to diversify its revenue streams. Two planned data centre leases may face delays and might not be fully operational until 2027.
MARA is one of the largest publicly traded bitcoin miners and has historically maintained a strategy of holding the majority of the coins it produces. Its quarterly results follow similar reports from other industry players. Strategy reported a $20.9bn operating profit in October, and American Bitcoin posted a $126 million profit on treasury gains earlier this month. Strive also reported a $474.8 million net income as its bitcoin yield hit 63.2 per cent.
The decision to clear $750 million in debt and buy back shares indicates a move to strengthen the company’s financial position as it expands into new technology sectors. Market participants will watch for the completion of the share buyback and the development of the firm's computing facilities. This transition suggests the company is moving away from a business model solely dependent on mining rewards and toward a broader infrastructure role in the computing space.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.