- MARA says the Texas wind farm has a capability of 240 megawatts of interconnection and 114 megawatts of nameplate wind.
- The Bitcoin mining firm will leverage the positioning to chop its Bitcoin mining prices.
MARA Holdings, a number one Bitcoin (BTC) mining agency and at present the world’s second-largest publicly-traded holder of the flagship digital asset, has accomplished the acquisition of a wind farm in Texas.
The corporate introduced it closed the acquisition deal for Hansford County-based wind farm by way of a press launch on Tuesday, Feb. 18.
On this newest growth effort, MARA’s operations will profit from a further interconnection capability of 240 megawatts. There’s additionally one other 114 megawatts of nameplate wind capability.
“The closing of this acquisition represents a significant milestone in MARA’s ongoing transformation as we expand our asset base, following our strategic shift from an asset-light to an asset-heavy business model,” Fred Thiel, MARA Holdings chairman and chief government officer, mentioned in an announcement.
Extending miners’ financial lives
In keeping with MARA, the brand new web site is ready to faucet into the last-generation ASIC miners that have been both set to be written off or bought on the secondary market.
Now these {hardware} can be repurposed and energized. This implies 100% renewable and zero-marginal power prices. It additionally means the mining firm will be capable of minimize its manufacturing prices by way of vertical integration.
“With this added renewable energy asset, MARA now owns and operates 136 megawatts of generating capacity, strengthening our position across the entire energy generation and bitcoin mining process. This acquisition not only extends the economic life of our ASIC miners, but also drives reduction in operational costs, bringing us closer to achieving near net-zero operating costs,” Thiel added.
MARA Holdings chief monetary officer Salman Khan added by way of a publish on X:
“When paired with Bitcoin mining, intermittent wind energy reduces grid congestion during peak times, revitalizes renewable assets, and extends the economic life of mining machines. A triple win for miners, the grid, and wind producers,”
MARA first introduced the acquisition of the wind farm in Dec. 2024.
On the time, the corporate famous that the brand new web site would use the corporate’s Superior ASIC Retirement Initiative to increase the lives of Bitcoin mining {hardware}.
