★MARA Holdings Cuts 15% of Staff as Bitcoin Miners Sell Reserves and Retrench

"MARA's significant workforce reduction, amidst broader miner reserve sales, signals acute post-halving margin compression and capital expenditure retrenchment across the mining sector. This trend suggests persistent selling pressure on Bitcoin from operational needs and could impact network security long-term by disincentivizing smaller, less efficient participants. Institutional capital flows may re-evaluate exposure to mining equities, favoring more diversified or vertically integrated plays."