MARA Holdings Cuts 15% of Staff as Bitcoin Miners Sell Reserves and Retrench

MARA Holdings Cuts 15% of Staff as Bitcoin Miners Sell Reserves and Retrench

MARA Holdings conducted a series of company-wide layoffs this week affecting multiple departments, with sources describing the cuts as “ongoing” and carried out across at least two rounds on Wednesday and Thursday. Unconfirmed reports put the reduction at approximately 15% of MARA’s workforce — roughly 40 positions based on the company’s most recently disclosed headcount of 266 full-time employees. MARA has not publicly commented on the cuts. Th…

Beyond the Hashrate: Why MARA Just Laid Off 15% of Its Staff

Bitcoin miner MARA has reportedly laid off about 15% of its workforce in a move the company calls “strategic, not purely financial.” Internal Restructuring Bitcoin mining giant MARA, formerly Marathon Digital Holdings, has laid off roughly 15% of its workforce as part of a sweeping strategic shift away from pure-play crypto mining and toward energy […]