EddieJayonCrypto
19 Feb 25
Publicly traded Bitcoin mining firm MARA, formerly Marathon, has acquired a wind farm in Hansford County, Texas, adding 240 megawatts of interconnection capacity and 114 megawatts of operational wind generation. This acquisition aligns with MARA's goal to convert sustainable resources into economic ...
Publicly traded Bitcoin mining firm MARA, formerly Marathon, has completed its acquisition of a wind farm in Hansford County, Texas, adding 240 megawatts of interconnection capacity and 114 megawatts of operational wind generation to its capabilities. This acquisition aligns with MARA's goal to convert sustainable resources into economic value.
MARA's Advanced ASIC Retirement Initiative will utilize the site's resources to extend the profitability of Bitcoin mining hardware beyond its typical lifecycle. Fred Thiel, MARA's Chairman and CEO, stated that the acquisition strengthens the company's position in energy generation and Bitcoin mining, driving reduction in operational costs and nearing net-zero operating costs. The acquisition is also expected to enhance return on capital employed and reduce operating costs.
In January, MARA produced 750 Bitcoin and increased its holdings to 45,659 Bitcoin, making it the second largest holder of the cryptocurrency among publicly traded companies. MARA's shares are currently trading at $16.13, down 4.5% in the last 24 hours and 17.5% in the last month.