MARA sells Bitcoin to repay debt and expand into AI ₿ After Q3, MARA sold 13,597 BTC for around $1.1 billion. It used $750 million to fully repay its Bitcoin-backed loans. 🏦 The repayment reduces financial risk from Bitcoin volatility. Lower BTC reserves also mean less upside if prices rise. 📊 Q3 revenue fell 35% to $164.2 million. Net income reached $632.1 million, including $885.3 million in unrealized Bitcoin gains. 🤖 Exaion signed a four-year GPU contract worth $79 million, advancing MARA’s AI plans. However, two targeted data center leases remain unsigned, with signing potentially delayed until 2027. 🔎 A stronger balance sheet is the clearest improvement. Any AI-driven valuation uplift will depend on turning contracts into revenue and cash flow. #CryptoInsights
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