MARA Is Selling Its Bitcoin and Firing Staff — And Calling It a Growth Strategy
Bitcoin
MARA Holdings (MARA) reportedly cut approximately 15% of its workforce and sold over 15,000 Bitcoin (BTC) for $1. 1 billion to retire convertible debt, as the company pivots from Bitcoin mining toward AI and energy infrastructure. CEO Fred Thiel confirmed the layoffs in an internal memo, describing the cuts as “a strategic one” rather than purely financial, citing the company’s new direction following its partnerships with Starwood Digital Ventures and Exaion. MARA Cuts 15% of Staff and Sells $1
BTC
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