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

2026-04-03 00:31:16

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ChainCatcher news, according to Blockspace, one of the world’s largest Bitcoin mining firms, MARA (NASDAQ: MARA), laid off about 15% of its employees, affecting full-time workers across multiple departments and some contract workers. In an internal memo, CEO Fred Thiel said that these layoffs are 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.

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

In addition, MARA recently sold more than 15,133 BTC (about $1.1 billion) to repay a $1 billion convertible bond. It recorded a net loss of $1.3 billion for all of 2025, with adjusted EBITDA of -$330.8 million. Affected employees will receive one month of paid time off, 13 weeks of severance pay, and full compensation for unused leave.

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