MARA states that the Texas wind farm boasts an interconnection capacity of 240 megawatts alongside a nameplate wind capacity of 114 megawatts.
The Bitcoin mining corporation intends to utilize the facility to reduce its Bitcoin mining expenses.
MARA Holdings, a prominent Bitcoin (BTC) mining enterprise and currently the second-largest publicly-traded owner of the leading digital currency, has finalized the purchase of a wind farm in Texas.
The organization declared it successfully completed the acquisition agreement for the Hansford County wind farm through a press statement on Tuesday, Feb. 18.
In this recent expansion initiative, MARA’s operations will enjoy an additional interconnection capacity of 240 megawatts, together with another 114 megawatts of nameplate wind power.
“The conclusion of this acquisition signifies a notable achievement in MARA’s continuous evolution as we broaden our asset portfolio, following our strategic transition from an asset-light to an asset-heavy business framework,” stated Fred Thiel, chairman and chief executive officer of MARA Holdings, in a declaration.
MARA: prolonging miners’ economic lifespans
As per MARA, the new location is poised to utilize the latest-generation ASIC miners that were either about to be disposed of or marketed in the secondary marketplace.
These devices will now be repurposed and activated, signifying 100% renewable energy and negligible marginal energy costs. This also implies the mining entity will manage to lower its production expenses through vertical integration.
“With this added renewable energy asset, MARA now possesses and operates 136 megawatts of generating capacity, fortifying our stance throughout the entire energy generation and Bitcoin mining spectrum. This acquisition not only prolongs the economic lifespan of our ASIC miners but also propels a decrease in operational expenditures, bringing us closer to attaining nearly net-zero operating costs,” Thiel further remarked.
The chief financial officer of MARA Holdings, Salman Khan, expressed via a post on X:
“When combined with Bitcoin mining, sporadic wind energy alleviates grid congestion during peak periods, rejuvenates renewable resources, and extends the economic lifespan of mining equipment. A trifecta of benefits for miners, the grid, and wind energy producers,”
MARA initially proclaimed the acquisition of the wind farm in December 2024.
At that moment, the company indicated that the new facility would apply the company’s Advanced ASIC Retirement Initiative to prolong the lifespan of Bitcoin mining hardware.
Be the first to comment