Bitcoin Miner MARA Slashes 15% of Workforce After Selling $1.1 Billion in BTC
Bitcoin miner Marathon Digital Holdings (MARA) has reduced its workforce by 15% following the sale of $1.1 billion in Bitcoin. The company made this decision as part of a broader strategy to cut costs amid challenging market conditions. Despite the significant sale, Marathon continues to hold a substantial amount of Bitcoin, maintaining a strong position in the market. The workforce reduction reflects ongoing efforts to streamline operations and enhance financial stability.
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