MARA sold 15,133 BTC for about $1.1 billion and cut about 15% of its workforce as it pivots toward AI and energy infrastructure. The company used the proceeds to repurchase convertible notes due in 2030 and 2031 at about a 9% discount to par. MARA said it plans to sell BTC from time to time throughout 2026 to fund operations and corporate initiatives.
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MARA Sells $1.1B in Bitcoin and Cuts 15% of Staff in AI Pivot
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