Mining companies move deeper into AI, HPC as MARA may sell Bitcoin

In a Monday SEC filing, the US Bitcoin miner said it would consider selling some of the coins on its balance sheet, depending on market conditions.

US-based cryptocurrency miner MARA Holdings made waves after a regulatory filing signaled that the company could change its HODL strategy. 

In a Monday filing with the US Securities and Exchange Commission (SEC), MARA said it was open to selling some of its Bitcoin (BTC) holdings “from time to time” depending on market conditions and its investment priorities. According to the miner, it changed its strategy to allow for BTC sales in 2026, while Bitcoin sales generated from mining at the company have been permitted since 2025.

MARA’s strategy shift comes as many crypto mining companies are pivoting some of their infrastructure into artificial intelligence (AI) and high-performance computing (HPC) amid increasing BTC difficulty and associated costs. On Monday, Riot reported a net loss of $663 million for 2025 in part due to the value of its Bitcoin holdings, while Core Scientific said its Q4 2025 revenue was down 16% from the year-earlier period.

Read more