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Stock impact report

MARA Holdings Cuts 15% Of Staff As It Moves Away From Bitcoin Mining [Yahoo! Finance]

MARA Holdings, Inc. (MARA) 
Last mara holdings, inc. earnings: 8/14 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.marathonpg.com
Company Research Source: Yahoo! Finance
Bitcoin (CRYPTO: $BTC) miner MARA Holdings (NASDAQ: $MARA) is reducing its workforce by 15% as it pivots to focus on artificial intelligence (A.I.) infrastructure. The layoffs impact full-time staff across multiple departments, according to media reports. In some instances, entire teams are being eliminated at the company. In an internal memo leaked to the media, MARA Holdings CEO Fred Thiel said, “We're focusing the company in a new direction. That means the shape of our team needs to change…” More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket The memo stated that affected employees will receive one month of paid leave and benefits through April 30, 13 weeks severance, and Show less Read more
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