Bitcoin Miner MARA Slashes 15% of Workforce After Selling $1.1 Billion in BTC
Bitcoin mining company Marathon Digital Holdings (MARA) has reduced its workforce by 15% following the sale of $1.1 billion in Bitcoin. The decision comes as the company aims to cut costs amid challenging market conditions and fluctuating cryptocurrency prices. Despite the workforce reduction, Marathon plans to continue its mining operations and expand its Bitcoin holdings. The company has been focusing on improving its operational efficiency and financial stability in the competitive mining landscape.
Read the full article: Decrypt