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

2026-04-03 02:28:34

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Golden Finance reports that on April 3, one of the world’s largest Bitcoin mining companies, MARA (NASDAQ: MARA), laid off approximately 15% of its employees, affecting full-time employees across multiple departments and some contract workers. In an internal memo, CEO Fred Thiel said that this round of layoffs is not purely a financial decision, but part of the company’s strategic shift from a pure-play Bitcoin mining company to an energy and digital infrastructure company.
Previously, MARA completed in February this year the acquisition of a majority stake in EDF subsidiary Exaion, a French national energy company, formally moving into the AI and high-performance computing (HPC) space. The company also reached an agreement with data center developer Starwood to repurpose about 1 GW of mining infrastructure for AI workloads.
In addition, MARA has 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 and 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 days.

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