$MARA HOLDINGS Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $164.2M (Est. $182M) 🔴; -35% YoY
🔹 EPS: $1.28 (Est. -$0.12) 🟢; +374% YoY
🔹 Adj. EBITDA: $857.7M (Est. $16.3M) 🟢
🔹 Net Income: $632.1M
Announcements:
🔹 Exaion: $79M four-year GPU-as-a-service contract; over $3B pipeline; approximately $1B targeted for delivery by end of 2027
🔹 Long Ridge: 485 MW authorized; 505 MW nameplate; over 1 GW potential capacity
🔹 Matagorda County: up to 2 GW power capacity
Other Q3 Metrics:
🔹 Energized Hashrate: 71.2 EH/s; +18% YoY
🔹 BTC Holdings: 34,012 bitcoin
🔹 BTC Produced: 2,247 BTC; +5% YoY
🔹 Blocks Won: 644; +2% YoY
🔹 Cost per Petahash per Day: $30.8; -2% YoY
🔹 Cost per kWh: $0.04
Key Updates:
🔹 Fair-value gain on digital assets: $885.3M included in net income and Adj. EBITDA
🔹 Share Repurchase Authorization: up to $500M after quarter-end
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