MARA Holdings, previously Marathon Digital, has introduced plans to accumulate a wind farm in Hansford County, Texas, to energy its sustainable Bitcoin mining information middle.
The wind farm, with 240 megawatts of interconnection capability and 114 MW of operational wind technology, will permit MARA to create a vertically built-in operation with zero-marginal vitality prices, in response to an organization press launch.
The deal represents a strategic shift for MARA because it goals to combine renewable vitality into its mining operations, which require substantial computational energy. Mining includes fixing advanced mathematical issues to validate transactions on the Bitcoin (BTC) community, consuming vital vitality. The proposed information middle shall be powered solely by the wind farm, lowering reliance on conventional vitality sources and assuaging pressure on the Texas energy grid.
Fred Thiel, MARA’s CEO, emphasised the broader advantages of the acquisition, together with lowering Bitcoin manufacturing prices and repurposing older mining {hardware}.
“This acquisition serves as a blueprint for collaboration between the energy and data center sectors to create long-term value while advancing sustainability initiatives,” Thiel mentioned.
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ASIC miner lifespan
A key component of the challenge is MARA’s Advanced ASIC Retirement Initiative. This program will repurpose older ASIC mining machines—specialised {hardware} utilized in Bitcoin mining—extending their operational lifespan and stopping them from being discarded or offered.
When a wind/photo voltaic farm pairs with a Bitcoin mining co, they obtain ROI on their renewable funding 2.3x as quick
They use the revenue to construct extra wind/photo voltaic capability, accelerating the vitality transition
The lecturers have proven this (Lal et al, Hakimi et al)
MARA is doing it https://t.co/9KbcjAbI6L— Daniel Batten (@DSBatten) December 3, 2024
These machines will run on renewable wind energy, making a cost-efficient and environmentally pleasant mining mannequin.
The acquisition aligns with MARA’s broader sustainability targets, as the corporate continues to develop a worldwide community of renewable energy-powered information facilities. The transaction is anticipated to shut within the first quarter of 2025, pending regulatory approvals.
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