Bitcoin miner MARA cuts 15% of its workforce as it shifts focus to energy and digital infrastructure.

ChainCatcher report, according to Blockspace, one of the world’s largest Bitcoin mining companies, MARA (NASDAQ: MARA), has laid off approximately 15% of its workforce, affecting full-time employees across multiple departments and some contractors. In an internal memo, CEO Fred Thiel stated that this reduction is not purely a financial decision but part of the company’s strategic transformation from a pure Bitcoin mining company into an energy and digital infrastructure provider. Previously, in February of this year, MARA completed the acquisition of a majority stake in Exaion, a subsidiary of France’s national energy company EDF, officially entering the AI and high-performance computing (HPC) sectors. The company has also reached an agreement with data center developer Starwood to repurpose approximately 1 GW of its mining infrastructure for AI workloads. Additionally, MARA recently sold over 15,133 BTC (approximately $1.1 billion) to repay a $1 billion convertible bond and reported a net loss of $1.3 billion for the full year 2025, with an 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.