- 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 enlargement effort, MARA’s operations will profit from an extra interconnection capability of 240 megawatts. There’s additionally one other 114 megawatts of nameplate wind capability.
“The closing of this acquisition represents a major milestone in MARA’s ongoing transformation as we develop our asset base, following our strategic shift from an asset-light to an asset-heavy enterprise mannequin,” Fred Thiel, MARA Holdings chairman and chief govt officer, stated in an announcement.
Extending miners’ financial lives
In accordance with MARA, the brand new web site is about 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 vitality prices. It additionally means the mining firm will be capable to lower its manufacturing prices by way of vertical integration.
“With this added renewable vitality asset, MARA now owns and operates 136 megawatts of producing capability, strengthening our place throughout the complete vitality era and bitcoin mining course of. This acquisition not solely extends the financial lifetime of our ASIC miners, but in addition drives discount in operational prices, bringing us nearer to attaining close to net-zero working prices,” Thiel added.
MARA Holdings chief monetary officer Salman Khan added by way of a submit on X:
“When paired with Bitcoin mining, intermittent wind vitality reduces grid congestion throughout peak occasions, revitalizes renewable property, and extends the financial lifetime 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}.
