MARA Holdings Closes Deal for Texas Wind Farm

The second-largest publicly traded company bitcoin holder, MARA Holdings (MARA), has introduced the completion of the acquisition of a wind farm in Texas, including 114 megawatts of nameplate wind capability and 240 megawatts of interconnection capability to its operations.

The Florida-based firm plans to make use of the wind farm to energy bitcoin mining operations utilizing last-generation ASIC mining {hardware} “that may have in any other case been written off or offered into the secondary market.”

MARA famous that repurposing the machines and leveraging renewable power will scale back bitcoin mining merchandise prices whereas utilizing wind energy that may have in any other case gone unused.

“With this added renewable power asset, MARA now owns and operates 136 megawatts of producing capability,” CEO Fred Thiel stated in an announcement.

MARA is the second-largest publicly traded company bitcoin holder, with 45,659 BTC on its steadiness sheet.