MARA cuts about 15% of its workforce under a 2026 restructuring plan

MARA reduced its workforce by about 15% as part of a 2026 restructuring plan that it began in the first quarter. The company said the move realigns operations toward AI and critical IT infrastructure and saves about $12 million a year. Restructuring costs were $45.9 million in the first quarter and $47.6 million for the first half.

• Workforce reduced by about 15%
• Combined annualized savings of $12.0 million
• Restructuring charge $45.9 million in Q1 2026
• Restructuring costs $47.6 million for the six months to June 30, 2026