Mining Firm MARA Announces About 15% Workforce Reduction, Further Strategic Shift Toward Energy and Digital Infrastructure

BlockBeats News, April 3rd, US stock Bitcoin mining company MARA announced a layoff of about 15%, involving full-time employees from multiple departments and some contract workers, as part of its strategic transformation from a pure Bitcoin mining company to an energy and digital infrastructure company. MARA completed the majority acquisition of Exaion, a subsidiary of the French national energy company EDF, in February this year, officially entering the AI and high-performance computing fields. It has also reached an agreement with data center developer Starwood to convert about 1 GW of mining infrastructure to AI workloads.

MARA recently sold over 15,133 BTC (about $1.1 billion) to repay $1 billion in convertible bonds, with a full-year net loss of $1.3 billion in 2025, and an adjusted EBITDA of -330.8 million.

According to Bitget market data, MARA defied the trend with an 8.33% gain, with a stock price of $8.17.