PANews reported on April 3rd that, according to Blockspace, Bitcoin mining company MARA is laying off approximately 15% of its workforce, affecting full-time employees and contractors across multiple departments. CEO Fred Thiel stated in an internal memo that this move is a strategic adjustment rather than a purely financial decision, as the company is transforming from a pure Bitcoin mining company into an energy and digital infrastructure company. Affected employees will receive one month of paid leave, 13 weeks of severance pay, and full compensation for any unused vacation time. MARA had previously partnered with Starwood and Exaion to convert approximately 1 GW of its Bitcoin mining infrastructure into AI computing power facilities. MARA recently sold 15,133 bitcoins for $1.1 billion to repay $1 billion in convertible bonds. The company projects a net loss of $1.3 billion by 2025.