MARA Holdings Completes Acquisition of Texas Wind Farm for Bitcoin Mining

MARA Holdings, Inc. has successfully finalized the acquisition of a wind farm located in Hansford County, Texas, marking a significant expansion of its renewable energy strategy in Bitcoin mining. The wind farm has an interconnection capacity of 240 megawatts (MW), with 114 MW dedicated to wind power.

This newly acquired site will repurpose ASIC (Application-Specific Integrated Circuit) mining hardware that would have otherwise been retired or sold, using it to power the Bitcoin mining operation. By utilizing 100% renewable energy, MARA aims to reduce operational costs and avoid the need for curtailing excess energy, thus improving the efficiency of Bitcoin production.

Fred Thiel, MARA’s Chairman and CEO, highlighted the strategic advantage of this acquisition: “With this added renewable energy asset, MARA now owns and operates 136 MW of generating capacity, strengthening our position across the entire energy generation and Bitcoin mining process.”

The integration of wind power into the facility allows MARA to operate with near-zero marginal energy costs, which is expected to extend the lifespan of the company’s ASIC miners while significantly reducing mining costs. MARA’s goal is to achieve near-net-zero operating costs, demonstrating both its commitment to sustainability and its leadership in the renewable energy adoption within the crypto mining industry.

This acquisition aligns with MARA’s broader strategy of vertical integration, combining energy generation with Bitcoin mining to enhance both profitability and environmental responsibility. By focusing on renewable energy, MARA is reinforcing its position in the industry while contributing to more sustainable mining practices.