MARA, MPLX Team Up in Texas Amid Strong Q3 Earnings

MARA Holdings and MPLX have signed a letter of intent to develop integrated power generation and data center campuses in West Texas, beginning with 400 MW of power and a scalable potential of up to 1.5 GW. This initiative aligns with MARA's third quarter results, which revealed a net income of $123 million and an adjusted EBITDA increase of 1,671%, reaching $395.6 million. The collaboration will utilize natural gas from MPLX’s facilities to power MARA's planned data centers and enhance regional energy reliability. MPLX CEO Maryann Mannen highlighted that this deal strengthens their natural gas value chain, while MARA CEO Fred Thiel pointed out the strategic advantage of local low-cost gas. With a 64% increase, MARA's hashrate now stands at 60.4 EH/s, and its bitcoin holdings have nearly doubled to 52,850, despite a 2.3% decline in early trading as both crypto and traditional markets face sell-offs.

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