MARA Holdings took a strategic step in the fields of Energy and AI.

MARA Holdings and MPLX Collaboration

MARA Holdings has signed a letter of intent with MPLX to develop energy production and data centers. This collaboration will begin in West Texas and is expected to start with a capacity of 400 megawatts, scalable up to 1.5 gigawatts.

Third Quarter Results

MARA has announced its third quarter results. The company reported a net revenue of 123 million dollars. Additionally, the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 395.6 million dollars, up by 1,671%.

However, MARA experienced a 2.3% loss in early trading. This occurred alongside a significant sell-off in both the crypto and traditional markets.