Bitcoin Miner MARA Slashes 15% of Workforce After Selling $1.1 Billion in BTC

In brief

• Bitcoin miner MARA cut 15% of its workforce amid the firm’s shifting focus to AI.
• The layoffs, reportedly not due to financial constraints, follow its recent $1.1 billion Bitcoin sale.
• Shares in MARA finished Thursday up more than 8%, but are down 53% in the last six months.