Episode Details

MARA Holdings, a Bitcoin miner, sold $1.5 billion worth of Bitcoin to bolster liquidity and reduce debt, reporting an 18% revenue drop and a $1.3 billion net loss. The company is shifting focus towards AI and data centers, aiming for up to 90% of their non-hosted mining power for AI and high-performance computing. Theyve secured a $1.5 billion deal for the Long Ridge Energy and Power campus in Ohio and partnered with Starwood Capital. Despite the Bitcoin sale, mining output increased by 33% year-over-year, securing 2,247 bitcoins. Bitcoin remains their base, but AI demand is driving their power strategy forward.

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