Marathon Digital Q3 turned a profit year-on-year: mining volume increased by only 5%, revenue growth relied on the rise in BTC prices

According to Yahoo Finance, Bitcoin mining company Marathon Digital Holdings Inc (MARA) announced its fiscal year 2025 third-quarter financial report on November 4, achieving a turnaround from a loss of $124.8 million in the same period last year to a net profit of $123.1 million; revenue increased by 92% year-over-year to $252.4 million, below market expectations.

The report stated that Marathon mined 2,144 bitcoins in the third quarter, with block capture volume increasing only 5% year-over-year, which means that the company's 92% revenue growth was almost entirely driven by an 88% year-over-year increase in the average price of bitcoin, rather than an increase in mining volume.