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MARA Holdings, the world's largest Bitcoin miner, has sold 15,133 Bitcoin for $1.1 billion over the past three weeks, reducing its holdings to 38,689 Bitcoin valued at approximately $2.3 billion. CEO Fred Thiel stated that the sale is a strategic move to enhance financial flexibility and support the company's expansion into digital energy and AI infrastructure. This shift reflects a broader industry trend as Bitcoin mining becomes less profitable following the latest halving event.The sale marks MARA's transition from pure Bitcoin mining to AI and high-performance computing (HPC) infrastructure, as AI companies increasingly demand power capacity. Other major US miners, like Core Scientific and IREN, have also pivoted towards AI services, securing lucrative contracts. Despite the potential of AI, market skepticism remains about the ability of companies like OpenAI to monetize their expansion plans, impacting Bitcoin miners' financial strategies.

BTC+1.30%

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