In early April 2026, MARA Holdings (MARA) cut roughly 15% of its workforce as it shifts focus from traditional Bitcoin mining toward AI and energy infrastructure. The move represents a strategic transformation for the mining giant, with CEO Fred Thiel confirming the layoffs as "strategic" and linked to new partnerships with Starwood Digital Ventures and Exaion as foundation for MARA's infrastructure-first model. MARA has indicated further Bitcoin sales are likely over coming quarters, planning to sell Bitcoin "from time to time" throughout 2026 to fund operations and broader corporate initiatives. The restructuring follows a difficult 2025 with approximately $1.3 billion net loss as post-halving economics compressed mining margins and rising competition pushed miners toward diversified revenue streams.