Publicly traded mining company MARA (formerly Marathon Digital) reported record revenue of $252.4 million in Q3 2025, marking a 92% year-over-year surge. The company’s net profit hit $123 million ($0.27 per share), a sharp turnaround from a $124 million loss a year earlier.
Despite the strong earnings, MARA shares slipped 6.8% to $17.59, according to Yahoo! Finance, as Bitcoin briefly dropped below $100,000.
During the company’s earnings call, CEO Fred Thiel said MARA is transforming into a multi-faceted digital infrastructure firm, integrating Bitcoin mining and AI computing to capitalize on the growing demand for energy-driven digital systems. He emphasized that MARA’s vision is based on a core belief: “Electrons are the new oil.”
### Strategic Partnerships and AI Expansion
MARA plans to merge Bitcoin and AI energy flows into a unified platform that monetizes energy through both mining and computation. After the quarter’s close, MARA deployed its first AI servers at its Granbury, Texas facility, signaling its entry into AI-powered infrastructure.
The company also announced a partnership with MPLX LP, a Marathon Petroleum subsidiary, to develop power generation facilities and data centers in West Texas. This collaboration ensures low-cost natural gas and a reliable energy supply for MARA’s operations.
Another major step is MARA’s acquisition of a majority stake in Exaion, a French subsidiary of EDF, one of the world’s largest low-emission energy producers. Once approved, Exaion will provide MARA with expertise in Tier III/IV data centers and high-performance computing (HPC).
### Bitcoin Reserves and Market Position
MARA currently holds around 53,250 BTC, valued at over $5.3 billion, nearly doubling its reserves year-over-year. This makes MARA the second-largest public Bitcoin holder, according to Bitcoin Treasuries. The company also added 400 BTC following the market correction in October.
Other major miners are following suit. IREN, a former Bitcoin miner, signed a $9.7 billion deal with Microsoft, while Cipher Mining struck a $3 billion agreement with Google-backed Fluidstack to expand its AI computing capacity.
https://bitcoinethereumnews.com/tech/marathon-digital-posts-92-growth-and-123m-profit/
