MARA Holdings Inc. CEO Fred Thiel announced a strategic transformation, stating that the company is "no longer just a Bitcoin miner," but rather a "energy-driven digital infrastructure platform." Previously, the company reported a net loss of $1.7 billion in the fourth quarter, primarily due to a 23% decline in Bitcoin prices, which led to a $1.5 billion impairment on its Bitcoin holdings. The company will adopt an "opportunistic strategy" to leverage Bitcoin to enhance financial flexibility and adjust its approach flexibly based on market conditions. Additionally, MARA is collaborating with Starwood Capital Group to develop data centers, aiming to provide over 2.5 gigawatts of IT capacity.

BTC-1.97%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)