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Bitcoin miner MARA sells 13,597 BTC for $1.1B to cut debt and boosts AI push

Market News
10 Nov 2026, 04:13 WIB
Crypto Briefing
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Bullish
Bitcoin miner MARA sells 13,597 BTC for $1.1B to cut debt and boosts AI push

MARA Holdings, formerly Marathon Digital, reported a Q3 net income of $632.1 million, largely from Bitcoin holdings rather than mining revenue, which fell 35% year-over-year. After the quarter, MARA sold 13,597 Bitcoin for about $1.1 billion, using $750 million to repay loans and reduce pledged Bitcoin to under 5% of holdings. The company has cut its debt by 37% this year and launched a $500 million share buyback program. MARA is also expanding into AI and high-performance computing, securing a $79 million GPU contract and acquiring a natural gas plant, aiming to diversify beyond Bitcoin mining.

MARA Holdings' Q3 profit announcement provides context for cryptocurrency market activity on Pluang. For readers following digital assets, here is Pluang's market snapshot as of Nov 10, 2026, 09:11 WIB: Among 50 major cryptocurrencies, 33 rose and 16 fell today. AVAX gained 7.50% to Rp156.721 with a typical hold time of 88 days, while ATOM increased 4.77% to Rp24.943, showing a stronger buy interest at 62%. ENJ rose 4.53% to Rp419, with all Pluang orders on the buy side.

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