Skip to content
BusinessThe Block

MARA posts $634 million Q3 net profit on bitcoin gains, sells 13,597 BTC to pay off loans

By Jason Shubnell

MARA posted a $634.4 million Q3 net profit, then sold 13,597 BTC to repay $750 million in loans as it pivots to AI.

Read Original Article

Explained in this story

Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

More about Artificial intelligence
Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

More about Bitcoin

More in Business

From the blog