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Techub News reports, according to CoinDesk, MARA Holdings sold approximately $1.5 billion worth of Bitcoin in the first quarter to improve liquidity and pay down debt, while announcing a strategic shift from mining to AI infrastructure. The company plans to allocate about 90% of its non-custodial mining capacity to AI computing and intends to acquire the Long Ridge Energy Park in Ohio for $1.5 billion. This quarter, the company's revenue decreased by 18% year-over-year to $174.6 million, with a net loss of $1.3 billion mainly due to unrealized losses on Bitcoin holdings. Currently, it has dropped from the second-largest publicly listed Bitcoin holding company to the fourth, with the funds from the sale including $1.1 billion sold at the end of the quarter used to repurchase convertible notes.