Bitcoin mining company MARA cuts about 15% of its workforce, strategically transforming into an energy and digital infrastructure company
According to Blockspace, one of the largest btc-42">Bitcoin mining companies in the world, MARA (NASDAQ: MARA), has laid off about 15% of its staff, affecting full-time employees in multiple departments as well as some contractors. CEO Fred Thiel stated in an internal memo that this layoff is not purely a financial decision, but part of the company's strategic transformation from a pure Bitcoin mining company to an energy and digital infrastructure company.
Previously, MARA completed the acquisition of a majority stake in Exaion, a subsidiary of the French national energy company EDF, in February this year, officially entering the AI and high-performance computing (HPC) fields, and reached an agreement with data center developer Starwood to repurpose about 1 GW of mining infrastructure for AI workloads.
In addition, MARA recently sold over 15,133 BTC (approximately $1.1 billion) to repay $1 billion in convertible bonds, with a net loss of $1.3 billion for the full year of 2025 and an 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 vacation.
You may also like

Former SpaceX engineer reconstructs the financial execution system using first principles

Why Is PAXG Price Different From Gold? 5 Reasons Crypto Traders Should Know

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities
Learn how WEEX OpenAPI connects traders, developers, AI agents, and trading platforms. Discover WEEX API features, Binance-compatible integration, automated trading workflows, revenue opportunities, and ecosystem possibilities.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market

Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal

Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people

How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy

The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case

Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...

Exclusive Interview with Strategy CEO: Putting Aside the Sale of 32 BTC, the 60 Trillion AI Intelligence is the Ultimate Fate of Bitcoin

TRON revitalizes the image of the bull, creating a more approachable brand character

Will the STRC issuance price discussed with ChatGPT really fall into a death spiral?

The foundation retreats, Ethlabs steps forward: Ethereum welcomes its largest restructuring in history

NYSE Parent ICE and OKX Launch Joint Venture: What It Means for Tokenized Stocks
ICE and OKX have announced a joint venture focused on tokenized stocks, but stock futures are already live across crypto markets. Here's what the partnership means, how stock futures work, and why traders are paying attention.
How to Trade Apple and Nvidia on a Crypto Exchange in 2026 (Without Buying Shares)
Former SpaceX engineer reconstructs the financial execution system using first principles
Why Is PAXG Price Different From Gold? 5 Reasons Crypto Traders Should Know
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities
Learn how WEEX OpenAPI connects traders, developers, AI agents, and trading platforms. Discover WEEX API features, Binance-compatible integration, automated trading workflows, revenue opportunities, and ecosystem possibilities.





