MARA Holdings stock trades at EUR 6.55 amid buyback and debt paydown

MARA Holdings is combining a new share-repurchase authorization with a major reduction in bitcoin-backed borrowing. A Yahoo Finance report published Tuesday, November 10, said the board authorized repurchases of up to USD 500 million and that the company sold 13,597 bitcoin to repay USD 750 million of bitcoin-backed debt.

MARA Holdings stock traded at 6.55 euros on Lang & Schwarz at 10:15 p.m. CET on Tuesday, November 10.

Capital allocation follows third-quarter results

The capital actions followed a quarter in which revenue fell about 35 percent to USD 164.2 million as the average price of mined bitcoin declined. Net income reached USD 632.1 million, but the result included an USD 885.3 million non-cash gain on digital assets.

MARA produced 2,247 bitcoin during the quarter and held 34,012 bitcoin at quarter-end, according to the report. The company has reduced debt by USD 1.4 billion, or 37 percent, since the start of the year. The debt repayment also supports a less leveraged balance sheet, although future results remain exposed to bitcoin prices and digital-asset valuation changes.

AI expansion still needs signed leases

The company is also seeking to expand beyond bitcoin mining. Its Exaion unit signed a four-year, USD 79 million GPU-as-a-service contract on take-or-pay terms, while management cited an AI and high-performance-computing pipeline exceeding USD 3 billion that is not yet contracted.

Management is targeting two additional leases before year-end, but said the timing could slip into 2027. For investors, those contracts are the next practical test of whether MARA Holdings can convert its power and infrastructure strategy into recurring revenue.

The broader US equity backdrop can be followed in the S&P 500 market coverage.

More news and analyses on MARA Holdings stock cover the company’s capital allocation, bitcoin exposure and AI infrastructure plans.