Bitcoin mining company MARA lays off approximately 15% as it shifts its strategy to become an energy and digital infrastructure company.

2026-04-03 00:25:28

Abstract generation in progress

Deep Tide TechFlow news. On April 03, according to Blockspace, MARA (NASDAQ: MARA), one of the world’s largest Bitcoin mining companies, laid off approximately 15% of its employees, affecting full-time employees and some contract workers across multiple departments. In an internal memo, CEO Fred Thiel said that this round of layoffs is not purely a financial decision, but part of the company’s strategic shift from a pure-play Bitcoin mining firm to an energy and digital infrastructure company.

Earlier, MARA completed, in February this year, the acquisition of a majority stake in Exaion, a subsidiary of France’s state energy company EDF, officially moving into the AI and high-performance computing (HPC) space, and reached an agreement with data center developer Starwood to repurpose about 1 GW of mining infrastructure for AI workloads.

In addition, MARA has recently sold more than 15,133 BTC (about $1.1 billion) to repay a $1.0 billion convertible bond; it recorded a net loss of $1.3 billion for all of 2025, and adjusted EBITDA of -$330.8 million. Affected employees will receive one month of paid leave, 13 weeks of severance pay, and full compensation for unused leave.

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