MARA’s Bitcoin Sell-Off & Layoffs: A ‘Growth Strategy’?

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Behold, the mighty MARA, once a titan of Bitcoin, now slumps like a weary worker, firing 15% of its crew and selling 15,000 BTC for $1.1 billion-proof that even digital gold can’t save a sinking ship.

CEO Fred Thiel, ever the master of euphemisms, calls the mass exodus of workers “a strategic one,” as if the 40 souls lost were mere chess pieces in a game of corporate chess. The new direction? AI and energy, because nothing says “innovation” like abandoning the very thing that made you rich.

MARA Cuts 15% of Staff and Sells $1.1B in Bitcoin to Fund AI Pivot

The layoffs, a wave of sorrow sweeping through early April, left departments in disarray. Sources whisper of “ongoing” chaos, though Blockspace remains as clueless as a miner in a dark cave.

SCOOP: BITCOIN MINER @MARA CONDUCTS COMPANY-WIDE LAYOFFS PER @blockspace

Our sources say $MARA has laid off staff in multiple departments. Blockspace could not confirm the number or percentage of employees affected at this time.

One source described the layoffs as “ongoing,”…

– Blockspace (@blockspace) April 2, 2026

With 266 employees in December 2025, a 15% cut means 40 lives upended. Yet, the company offers a month of paid leave and 13 weeks of severance-a generous gesture, if you ignore the fact that they’re selling Bitcoin to pay off debts.

Between March 4 and 25, MARA sold 15,133 BTC, a heist of digital gold that netted $1.1 billion. The cash? To buy back debt at a 9% discount, because nothing says “financial genius” like repaying obligations with the very assets you once mined.

The debt shrank by 30%, and BTC holdings? A 28% plunge. But MARA vows to keep selling BTC “from time to time” in 2026, as if the future depends on turning digital coins into paper money.

This pivot follows a $1.3 billion loss in 2025, a year when Bitcoin’s halving turned mining margins into a cruel joke. Now, MARA’s 18 data centers-1.9 GW of power, yet still too weak to avoid the axe.

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2026-04-03 10:17