Bitcoin mining company MARA lays off approximately 15% of staff, shifting focus to energy and digital infrastructure.

2026-04-03 01:24:43

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ME News message, April 3 (UTC+8). Bitcoin miner MARA Holdings carried out company-wide layoffs this week, affecting full-time employees across multiple departments. The layoff size is about 15% of the total employee count. MARA CEO Fred Thiel said the layoffs are not purely a financial decision, but a strategic adjustment. The company is transitioning from a pure-play Bitcoin miner into an energy and digital infrastructure company, with a focus on AI and high-performance computing (HPC) business, including its recent acquisition of Exaion and its partnership with Starwood. Affected employees will receive one month of paid leave, benefits extended through April 30, a 13-week severance package, and full payment for unused vacation. Foresight News previously reported that between March 4 and March 25, MARA sold a total of 15,133 Bitcoins, for a total sale price of approximately $1.1 billion. The company expects to use the proceeds from Bitcoin sales to repurchase bonds, with the remainder used for general corporate purposes. (Source: Foresight News)

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