MARA Holdings reported a record profit of $123 million in the third quarter.

Nasdaq-listed MARA Holdings Inc. (ticker symbol MARA) reported record earnings on Tuesday, with third-quarter profit reaching $123 million and revenue jumping 92% to $252 million, thanks to rising Bitcoin prices and improved operational efficiency. The company's performance reversed a significant loss of $125 million in the same period last year, driven by a 64% increase in computing power and lower electricity costs.