Mining company MARA lays off approximately 15% of staff and shifts focus toward AI and digital infrastructure.

2026-04-03 01:29:35

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Odaily Planet Daily News: MARA, a Bitcoin mining company, announced layoffs of about 15%, affecting full-time employees across multiple departments and some contractors. CEO Fred Thiel stated in an internal memo that this round of layoffs is a strategic decision; the company is focusing on new directions, and the team structure needs to be adjusted accordingly. Affected employees will receive one month of paid leave and 13 weeks of severance pay.

MARA has previously begun laying the groundwork for AI and high-performance computing. In February this year, it completed the acquisition of a majority stake in Exaion, a data center subsidiary of the French state-owned energy company EDF, and reached an agreement with data center developer Starwood to repurpose approximately 1 gigawatt of mining infrastructure for AI workloads.

MARA currently operates about 66.45 EH/s of computing power, accounting for roughly 5% of the total Bitcoin network hashrate. The company recently sold more than 15,000 BTC, worth approximately $1.1 billion, to repay $1 billion in convertible notes. In 2025, MARA reported a net loss of $1.3 billion, and its adjusted EBITDA was negative $330.8 million.

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