MARA Holdings has taken a strategic step in the field 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 start in West Texas and will initially begin with a capacity of 400 megawatts, scalable up to 1.5 gigawatts.

Third Quarter Results

MARA announced its third-quarter results. The company recorded a net income of 123 million dollars. Additionally, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 395.6 million dollars, an increase of 1,671%.

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