MARA Holdings, a publicly listed Bitcoin mining firm on Wall
Avenue, has finalized its acquisition of a wind farm positioned in Hansford
County, Texas. The power has an interconnection capability of 240 megawatts
and a nameplate wind capability of 114 megawatts.
MARA Repurposes ASIC {Hardware} with Wind Energy
The acquired wind farm will probably be used to energy mining
operations with the latest-generation ASIC {hardware}. These machines had been
beforehand deemed surplus and would have both been written off or bought on the
secondary market.
By repurposing these units, MARA goals to function them
utilizing 100% renewable power sourced from the wind farm. This method
eliminates the marginal power prices usually related to mining.
“With this added renewable power asset, MARA now owns
and operates 136 megawatts of producing capability, strengthening our place
throughout all the power era and bitcoin mining course of,” mentioned Fred
Thiel, MARA’s Chairman and CEO.
Reducing Bitcoin Prices with Renewable Vitality
The transfer is positioned as a method for MARA to decrease its
Bitcoin manufacturing prices by vertical integration, decreasing reliance on
conventional power sources. Moreover, the corporate intends to utilize
renewable power which may have in any other case been curtailed.
$MARA closed their acquisition of a 240 MW Wind Farm in Texas the place they are going to be 100% vertically built-in with renewable power as the ability supply to supply “Made in USA” $BTC through MARA Pool 🇺🇸This can be a step ahead of their technique to attain close to net-zero working prices… pic.twitter.com/FLX69HqtW0
— Cryptoklepto (@CK_Cryptoklepto) February 18, 2025
This shift additionally
displays MARA’s said deal with environmental duty, though the
firm has not specified how a lot it expects to save lots of in power prices or how
this initiative will impression total mining effectivity.
Lending Bitcoin Holdings for Returns
MARA is lending a portion of its Bitcoin
holdings to 3rd events to generate returns and canopy operational prices.
The lending program represents 16% of the corporate’s complete Bitcoin, as reported
by Finance Magnates.
MARA has not disclosed borrower identities however said the
program focuses on short-term agreements with established events, yielding
beneath 10%. In December, the corporate noticed a 2% lower in Bitcoin manufacturing.
MARA has additionally adopted MicroStrategy’s technique by buying Bitcoin by a
$1 billion convertible be aware providing.
This text was written by Tareq Sikder at www.financemagnates.com.
