Marathon Digital Holdings has announced the acquisition of two Bitcoin mining sites for $178.6 million. This strategic purchase from Generate Capital is set to bolster Marathon’s mining capabilities considerably, especially in anticipation of the upcoming Bitcoin mining reward halving in 2024.
Doubling Down on Capacity and Efficiency
These newly acquired sites in Texas and Nebraska add a combined 390 megawatts to Marathon’s existing capacity. This expansion is not just about size; it’s also a leap towards greater operational control and efficiency. Previously, 97% of Marathon’s capacity came from third-party data centres. Post-acquisition, the company will own and operate 45% of its 910 megawatts, marking a significant shift towards greater autonomy.
Cost-Effective Mining and Expansion Potential
The deal is to reduce Marathon’s cost of mining a single Bitcoin by 30%, substantially improving profitability. The sites offer an immediate expansion potential with 82 megawatts of v
We współpracy z: https://coingape.com/marathons-178-6m-acquisition-supercharges-bitcoin-mining-power/
