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Under a newly signed letter of intent, MPLX will supply natural gas from its Delaware Basin processing plants to MARA’s planned gas-fired power facilities, which will initially deliver 400 MW of electricity with potential expansion to 1.5 GW.
The power will serve MARA’s data centers and also enhance energy reliability for MPLX’s regional operations. MPLX CEO Maryann Mannen said the deal strengthens the company’s natural gas value chain, while MARA CEO Fred Thiel emphasized the benefits of leveraging local low-cost gas to fuel efficient, high-performance data centers. MARA expects the project to evolve from supporting mining operations to advanced AI and high-performance computing workloads.
Third quarter revenues of $252 million were up 92% year-over-year. Net income of $123 million was up from a net loss of $125 million in the same period last year. Adjusted EBITDA rose by 1,671% to $395.6 million.
The company’s energized hashrate climbed 64% to 60.4 EH/s; bitcoin holdings nearly doubled to 52,850.
MARA is lower by 2.3% in early trading as crypto and traditional markets are sharply lower on Tuesday.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
View Full Report
The bitcoin miner turned AI infrastructure play received three price target raises following yesterday’s news, including from Bernstein, which lifted to $125.
- Cantor Fitzgerald’s Brett Knoblauch hiked his price target on IREN to $142 from $100.
- Bernstein lifted its IREN price target to $125 from $75 and Roth Capital to $94 from $82.
- Shares gained yesterday following the announced $9.7 billion AI deal with Microsoft and are now ahead 547% year-to-date, including a 12-fold rise from the April low.
Read full story
”, — write: www.coindesk.com
Under a newly signed letter of intent, MPLX will supply natural gas from its Delaware Basin processing plants to MARA’s planned gas-fired power facilities, which will initially deliver 400 MW of electricity with potential expansion to 1.5 GW.
The power will serve MARA’s data centers and also enhance energy reliability for MPLX’s regional operations. MPLX CEO Maryann Mannen said the deal strengthens the company’s natural gas value chain, while MARA CEO Fred Thiel emphasized the benefits of leveraging local low-cost gas to fuel efficient, high-performance data centers. MARA expects the project to evolve from supporting mining operations to advanced AI and high-performance computing workloads.
Third quarter revenues of $252 million were up 92% year-over-year. Net income of $123 million was up from a net loss of $125 million in the same period last year. Adjusted EBITDA rose by 1,671% to $395.6 million.
The company’s energized hashrate climbed 64% to 60.4 EH/s; bitcoin holdings nearly doubled to 52,850.
MARA is lower by 2.3% in early trading as crypto and traditional markets are sharply lower on Tuesday.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
View Full Report
The bitcoin miner turned AI infrastructure play received three price target raises following yesterday’s news, including from Bernstein, which lifted to $125.
- Cantor Fitzgerald’s Brett Knoblauch hiked his price target on IREN to $142 from $100.
- Bernstein lifted its IREN price target to $125 from $75 and Roth Capital to $94 from $82.
- Shares gained yesterday following the announced $9.7 billion AI deal with Microsoft and are now ahead 547% year-to-date, including a 12-fold rise from the April low.
Read full story