MARA Holdings Cuts 15% of Staff in AI Shift

MARA Holdings, a major publicly traded bitcoin mining company, has begun a series of workforce reductions affecting approximately 15 percent of its employees across multiple departments, as part of a broader strategic pivot toward artificial intelligence and high-performance computing infrastructure.

The layoffs, which sources describe as ongoing and conducted in at least two rounds on Wednesday and Thursday this week, impact an estimated 40 positions based on the company's reported headcount of 266 full-time employees as of late 2025. MARA has not publicly disclosed the exact number of affected workers or provided further details on the scope. In an internal memo, Chief Executive Fred Thiel described the cuts as strategic rather than purely financial, aligning with the company's evolution beyond traditional bitcoin mining. Affected employees are receiving one month of paid leave through April 30, 13 weeks of severance, and full payment for unused paid time off.

The workforce adjustments follow significant financial maneuvers earlier this year. Between March 4 and March 25, MARA sold 15,133 bitcoin for approximately $1.1 billion. The proceeds were used to repurchase portions of...