Odaily Planet Daily news📈: Bitcoin mining giant MARA Holdings (formerly known as Marathon Digital) has released its latest financial report! Although the third quarter loss per share of $0.34 met market expectations, sales slightly fell short at $131.6 million. However, this marks an improvement compared to the net loss of $199.7 million in the previous quarter.✨
As of October 31, MARA holds 26,747 Bitcoins and produced 2,070 BTC in the third quarter, additionally acquiring 6,210 BTC through $300 million in convertible preferred notes, at an average price of $59,500. Last month, MARA produced 717 BTC, increasing its hash rate to 40.2 EH/s.⚡
Furthermore, MARA acquired two power plants in Ohio at a price of $270 per kilowatt, with a total power generation capacity of 222 megawatts, further solidifying its position in the crypto mining industry.🔋