Marathon Digital Holdings (MARA) has reduced its workforce by 15% following the sale of 15,100 Bitcoin to repay over $1 billion in debt. The company is shifting its strategic focus from pure Bitcoin mining toward energy and artificial intelligence infrastructure. MARA operates a 66.45 EH/s mining fleet, controlling 5% of the global Bitcoin network hashrate.
Bitcoin miner Marathon Digital Holdings (MARA) has initiated company-wide layoffs affecting approximately 15% of its workforce. The process will take place over several days and may include contractor positions.
The layoffs follow MARA’s sale of 15,100 BTC after repaying $1 billion in convertible notes. A recent post suggests the reductions are strategic, reflecting a shift toward energy and digital infrastructure operations.
In an internal memo, CEO Fred Thiel noted that workforce adjustments are part of MARA’s broader strategic evolution. Affected employees will receive a one-month paid leave, 13 weeks of severance, and payment for all unused paid time off.
A company spokesperson confirmed the layoff is part of a strategy to become more than a pure-play Bitcoin miner. The firm plans to form strategic partnerships with Starwood and Exaion to reuse hardware for AI and high-performance computing.
MARA manages 66.45 EH/s, or 5% of the total network hashrate. The firm reported a net loss of $1.3 billion for 2025 due to changes in Bitcoin’s fair market value.
The workforce reductions and Bitcoin divestiture align MARA with other public miners like Cipher Digital (CIFR), Keel Infrastructure (BITF), and Bitdeer (BTDR). These companies are also moving operations from Bitcoin mining to AI workloads.
MARA’s stock price dropped by 5.10% after reporting Q4 revenue of $202.3 million. This figure fell short of the anticipated $250.7 million, according to data.
