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The company is reported to have reduced its holdings (MARA) by about 15% and traded more than 15,000 bitcoins (BTC) against $1.1 billion in debt, with the company moving from more bitcoins to artificial intelligence and energy infrastructure.
Chief Executive Officer Farid Thiel confirmed the layoff operations in an internal memo, describing the layoff as “strategic and not purely financial”, referring to the company’s new focus after the acquisition.
MARA cuts 15% of employees and sells 1.1 billion dollars of Bitcoin to finance its fundraising
The layoff operations were broadcast to several departments on the airwaves during early April, and the order was broadcast on the airwaves.
MARA informed about the existence of approximately 266 full-time employees until December 31, 2025, according to لملف Form 10-K. Therefore, a reduction of 15% means a reduction of about 40 points.
The affected employees received one month of paid leave until April 30, i.e. 31 weeks of end-of-service compensation.
between March 4 and 25, MARA sold 15,133 bitcoins for about 1.1 billion dollarsused for repurchasing old bonds. due in 2030 and 2031 at a discount of approximately 9% on the original value.
This step reduced the company’s outstanding debt by about 30%, from 3.3 billion dollars to 2.3 billion dollars, and reduced its assets in BTC by 28%, from ~53,822 BTC to 38,689 BTC.
MARA indicated the possibility of more sales, explaining that it plans لبيع البيتوكين “from time to time” throughout the year 2026 to finance institutional operations and initiatives.
The restructuring comes after MARA posted a net loss of nearly $1.3 billion in 2002, as the economy after the half-year pressured mining industry-wide.
The company now runs 18 data centers across four continents with a capacity of approximately 1.9 gigawatts, carrying out work in artificial intelligence and HPC as well as bitcoin mining.
