Marathon Digital Holdings Inc. (MARA) posted a record net profit of $123 million for the third quarter of 2025, a significant reversal from the $124.79 million net loss reported during the same period last year, according to its
This financial update comes as Marathon broadens its business scope. In August, the company acquired a 64% interest in Exaion, a French data center arm of Electricité de France (EDF), for $168 million, as detailed in a
Marathon’s energy initiatives have been further strengthened by a new partnership with MPLX LP to develop integrated power generation and data center sites in West Texas. Under this arrangement, MPLX will provide natural gas to fuel Marathon’s operations, enabling the generation of up to 1.5 gigawatts of electricity, as mentioned in an
Even with a tough market—Bitcoin dropped 8% in October, reducing the market value of Bitcoin treasury companies by $18.8 billion—Marathon increased its Bitcoin reserves to 53,000 BTC, worth about $6 billion, as noted in an
Legal hurdles persist. Marathon has recently filed a lawsuit against Texas authorities, alleging that a proposed municipality in Hood County was established to single out its Bitcoin mining activities. The company asserts it has taken steps to reduce noise, such as installing advanced soundproofing and liquid cooling, but faces ongoing local resistance.
The wider industry landscape is also shifting, with regulatory changes like the U.S. Federal Housing Finance Agency (FHFA) considering whether crypto assets might be included in mortgage applications, according to a