MARA Holdings Dumps 20,880 Bitcoin for $1.5B as It Bets Big on AI Data Centers

TLDR: MARA sold 20,880 Bitcoin for $1.5B in Q1 2026, using proceeds to repurchase $1B in convertible notes. The company cut its workforce by 15%, targeting $12M in annual savings amid a shift toward AI focus. MARA acquired a 505 MW Ohio power plant for $1.5B to build an AI campus scaling beyond one gigawatt. [...]

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