CandleFocus MARA acquiring Texas wind farm for better Bitcoin mining operations
2024-12-03
Author: Content Editor
MARA Holdings, formerly Marathon Digital, plans to acquire a wind farm in Texas to power its Bitcoin mining data center. The wind farm will provide renewable energy and help create a vertically integrated operation with zero-marginal energy costs. The move represents a shift towards integrating renewable energy into MARA's mining operations, reducing reliance on traditional energy sources and alleviating strain on the Texas power grid. The company also plans to repurpose older mining hardware through its Advanced ASIC Retirement Initiative. The acquisition aligns with MARA's sustainability goals and aims to reduce Bitcoin production costs. The transaction is expected to close in the first quarter of 2025.
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