MARA Is Selling Its Bitcoin and Firing Staff — And Calling It a Growth Strategy
BeInCrypto
MARA Holdings is cutting 15% of its workforce and selling $1.1 billion in Bitcoin to pivot toward AI and energy infrastructure development.Summary
MARA Holdings has initiated a significant restructuring, laying off approximately 15% of its staff and selling 15,133 Bitcoin for $1.1 billion. CEO Fred Thiel described these measures as a strategic shift rather than a purely financial necessity, aimed at pivoting the company from pure Bitcoin mining toward AI and energy infrastructure. The proceeds were primarily used to reduce convertible debt by 30%, lowering the company's total debt from $3.3 billion to $2.3 billion. This transition follows a challenging 2025, during which the company reported a net loss of $1.3 billion amid compressed mining margins.
(Source：BeInCrypto)