- MARA says the Texas wind farm has a capability of 240 megawatts of interconnection and 114 megawatts of nameplate wind.
- The Bitcoin mining corporate will leverage the web site to chop its Bitcoin mining prices.
MARA Holdings, a number one Bitcoin (BTC) mining company and recently the arena’s second-largest publicly-traded holder of the flagship virtual asset, has finished the purchase of a wind farm in Texas.
The corporate introduced it closed the purchase deal for Hansford County-based wind farm by way of a press unencumber on Tuesday, Feb. 18.
On this newest growth effort, MARA’s operations will take pleasure in an extra interconnection capability of 240 megawatts. There’s additionally any other 114 megawatts of nameplate wind capability.
“The ultimate of this acquisition represents an important milestone in MARA’s ongoing transformation as we amplify our asset base, following our strategic shift from an asset-light to an asset-heavy trade type,” Fred Thiel, MARA Holdings chairman and leader govt officer, stated in a observation.
Extending miners’ financial lives
Consistent with MARA, the brand new web site is about to faucet into the last-generation ASIC miners that had been both set to be written off or offered at the secondary marketplace.
Now those {hardware} will probably be repurposed and energized. This implies 100% renewable and zero-marginal power prices. It additionally approach the mining corporate will be capable of lower its manufacturing prices by way of vertical integration.
“With this added renewable power asset, MARA now owns and operates 136 megawatts of producing capability, strengthening our place throughout all of the power technology and bitcoin mining procedure. This acquisition now not handiest extends the industrial lifetime of our ASIC miners, but additionally drives aid in operational prices, bringing us nearer to reaching close to net-zero working prices,” Thiel added.
MARA Holdings leader monetary officer Salman Khan added by way of a put up on X:
“When paired with Bitcoin mining, intermittent wind power reduces grid congestion right through top occasions, revitalizes renewable property, and extends the industrial lifetime of mining machines. A triple win for miners, the grid, and wind manufacturers,”
MARA first introduced the purchase of the wind farm in Dec. 2024.
On the time, the corporate famous that the brand new web site would use the corporate’s Complicated ASIC Retirement Initiative to increase the lives of Bitcoin mining {hardware}.