Bitcoin Miner Mara concludes an settlement for Texas wind farm

• Mara says that the wind farm in Texas has a capability of 240 megawatts of the connection and 114 megawatts of the wind title tags.
• The Bitcoin mining firm will use the web site to scale back the price of mining bitcoins.

Mara Holdings, a number one Bitcoin mining firm (BTC) and at the moment the second largest publicly traded flagship on the earth, has accomplished the acquisition of a wind farm in Texas.

The corporate introduced that it has concluded an acquisition settlement for a wind farm based mostly within the Hansford district on Tuesday, February 18.

On this newest effort to increase, Mara will profit from an extra linked capability of 240 megawatts. There may be additionally one other 114 megawatts of the title tag wind capability.

“The closure of this acquisition is a vital milestone within the ongoing transformation of Mary, increasing our property of property, after our strategic transition from mild to asset to the enterprise mannequin,” Fred Thiel, chairman of Mara Holdings and CEO. stated in an announcement.

Increasing the financial lives of miners

In keeping with Mary, the brand new web page is ready to hook up with the final era of Asic miners who have been both set to ship or promote on the secondary market.

Now this {hardware} will probably be imitated once more and beneath stress. This implies 100% renewable and nil marginal power prices. It additionally implies that the mining firm will be capable to cut back its manufacturing prices via vertical integration.

“With this added asset for renewable power sources, MARA now owns and operates 136 megawatts producing capability, which strengthens our place all through the method of power manufacturing and bitcoin mining. This acquisition not solely expands the financial lifetime of our miners ASIC, but in addition will increase the discount of working prices, which brings us nearer to the virtually working prices of fresh zero, ”added Thiel.

Mara Holdings CFO Salman Khan added through X submit:

“When it’s paired with bitcoin mining, intermittent wind power reduces the grid overload in the course of the most interval, revives renewable assets and extends the financial lifetime of mining machines. Triple victory for miners, grid and wind producers, ”

Mara for the primary time introduced the acquisition of a wind farm in December 2024.

At the moment, the corporate famous that the brand new web site would use the Asic Asic initiative to increase the lifetime of bitcoin mining {hardware}.