Bitcoin Miner MARA Sells $1.5 Billion in BTC, Reports $1.26 Billion Q1 Loss

Bitcoin miner MARA sold $1.5 billion in BTC and reported a $1.26 billion Q1 loss, using the funds to buy back debt and acquire a power plant to shift towards AI infrastructure. The company is joining an industry trend of transitioning to AI-focused operations. MARA's significant loss and asset liquidation indicate a challenging period for the company.