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

BlockBeats News, April 3rd, US stock-listed 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 transition 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 field. MARA also reached an agreement with data center developer Starwood to repurpose about 1 GW of mining infrastructure for AI workloads.

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

According to Bitget market data, MARA bucked the trend with an 8.33% increase, with the stock price at $8.17.