Fred Thiel, the CEO of MARA Holdings, stated that data centers intended for artificial intelligence yield greater revenue per unit of electricity compared to mining Bitcoin. Currently, the company oversees more than 4 gigawatts of energy capacity.
Thiel further clarified that Bitcoin reserves for MARA are not a business model but rather a tool for asset management. The firm has sold approximately 20,000 BTC to repurchase its bonds at a discount and reduce its debt burden.