Marathon Digital Acquires Wind Farm in Texas for Sustainability Efforts
Bitcoin (BTC) miner Marathon Digital has announced the acquisition of a wind farm in Hansford County, Texas, to bolster its sustainability efforts.
Key Details of the Acquisition:
- The wind farm has 240 MW of interconnection capacity and 114 MW of wind capacity.
- It will be used as the foundation for a new, sustainable data center.
- Marathon plans to operate a facility powered entirely by wind energy.
- The transaction is expected to close by the first quarter of 2025.
Focus on Renewable Energy
This acquisition aligns with Marathon’s broader strategy to convert underutilized renewable resources into economic value. The company aims to reduce energy costs, alleviate grid congestion, and advance renewable energy deployment.
Quotes from Fred Thiel, Chairman and CEO of Marathon Digital:
“By repurposing machines with renewable energy, we’re reducing production costs and demonstrating our commitment to environmental stewardship.”
The site will use next-generation ASIC mining hardware, extending their economic life and reducing environmental impact. Marathon Digital CFO Salman Khan highlighted the financial benefits of the project.
Marathon’s Bitcoin mining operations saw record production last month, with plans to raise $700 million for Bitcoin purchases and corporate activities.
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