TLDR Tech / Crypto
Bitcoin miner MARA sold $1.5 billion of bitcoin; shift toward AI infra
MARA Holdings reported an 18% revenue decline to $174.6 million and a $1.3 billion net loss in Q1. The company sold $1.5 billion in bitcoin to fund debt retirement and a $1.5 billion acquisition of the Long Ridge Energy power campus, signaling a strategic shift toward AI infrastructure.
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