MARA Dumps $1.5B in Bitcoin as Miner Trades Treasury Hoard for AI Power Bet
Bitcoin Magazine
MARA Holdings sold $1.5 billion in Bitcoin to reduce debt and fund a strategic pivot toward AI and power infrastructure.Summary
MARA Holdings has shifted its strategy by liquidating $1.5 billion of its Bitcoin treasury during the first quarter to retire debt and finance a $1.5 billion acquisition of the Long Ridge Energy & Power campus in Ohio. Despite increasing its hashrate to 72.2 exahash per second, the company reported a $1.3 billion net loss due to Bitcoin price volatility. MARA is now prioritizing investments in power infrastructure and data centers capable of supporting both mining and artificial intelligence, effectively repositioning the firm to capitalize on high-performance computing demand.
(Source：Bitcoin Magazine)