Bitcoin miner MARA sells $1.1 billion in BTC to clear debt, fund AI plans

Publicly traded Bitcoin miner Marathon Digital (MARA) has sold 13,597 BTC for approximately $1.1 billion over the past six weeks, using the proceeds to pay off all its bitcoin-backed debt.

The company announced the sales, which represent a significant portion of its treasury, in a business update. By liquidating the holdings, MARA has eliminated its outstanding balance under a revolving credit facility, removing any lender claims on its remaining bitcoin.

Marathon stated that its remaining unrestricted bitcoin holdings, which totaled 8,853 BTC as of November 10, 2026, are now positioned as a strategic financial asset. The company plans to use these funds to support its expansion into new ventures, specifically the development of high-performance computing datacenters for artificial intelligence applications.

The move highlights a strategic shift for one of the industry’s largest miners, transitioning from leveraged bitcoin holdings to an unleveraged treasury intended to fuel growth in adjacent technology sectors. The sales occurred amid a period of elevated bitcoin prices, allowing the firm to realize substantial value.