MARA Holdings moves $17 million in Bitcoin after massive selloff, job cuts
MARA Holdings moved $17 million in Bitcoin and cut 15% of its workforce amid a strategic shift to AI infrastructure.Summary
MARA Holdings has transferred 250 Bitcoin, valued at approximately $17 million, to new addresses. This move follows a significant sale of 15,133 Bitcoin for $1.1 billion last month, after which MARA held 38,689 BTC. The company's shares have seen a roughly 22% decline over the past year. Concurrently, MARA Holdings has reduced its workforce by 15% as it pivots from bitcoin mining to expand into AI and data infrastructure. This strategic shift, which includes partnerships with Exaion and Starwood, aligns with a broader industry trend among Bitcoin miners adapting to post-halving economics by exploring higher-margin computing services like AI data centers and digital energy infrastructure. Other mining companies, such as Riot Platforms, are also undertaking similar diversification strategies.
(Source：Crypto Briefing)