MARA Holdings Inc, listed on Nasdaq, announced a record profit of $123 million for the third quarter, marking a significant turnaround from a $125 million loss in the same period last year. The company's revenue surged 92% to $252 million, driven by rising Bitcoin prices and enhanced operational efficiency. MARA mined 2,144 bitcoins during the quarter and holds 53,250 bitcoins, valued at nearly $5.6 billion. The company attributed its improved performance to a 64% increase in computing power and reduced electricity costs. Adjusted EBITDA rose to nearly $400 million as MARA focuses on expanding its energy infrastructure and cutting hosting fees. The firm ended the quarter with $6.8 billion in cash and bitcoins, and it aims to achieve a total hashrate of 75 EH/s by year-end, a 25% increase from current levels.