Mining company Marathon expands its layout of renewable energy by acquiring a wind power plant in Texas to reduce costs

BTCMining company MARA recently completed the acquisition of a wind power plant in Texas, not only enhancing the company's ability to utilize renewable energy, but also extending the lifespan of old Mining Rigs, reducing operating costs. As the BTC investment frenzy continues to heat up, MARA's Mining business and asset scale continue to expand.

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MARA actively expands the use of renewable energy

BTCMining company MARA ( former Marathon) announced on Tuesday that it has officially completed the acquisition of a wind farm in Hansford County, Texas, USA (Hansford County). This acquisition will bring the company 240 megawatts of grid capacity and 114 megawatts of operational wind power generation, further enhancing its Mining capabilities.

MARA announced the acquisition plan last December, stating that the move aligns with the company's goal of 'transforming underutilized sustainable resources into economic value'.

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Prolonging the life of Mining Rig is expected to reduce operating costs

In addition, MARA's move is also part of its 'Advanced ASIC Retirement Initiative (', which aims to extend the economic life of BTC mining equipment, allowing equipment that should have been scrapped or entered the second-hand market to continue to add value.

MARA CEO Fred Thiel stated in a statement that through this newly added renewable energy, MARA currently owns and operates 136 megawatts of power generation capacity, strengthening the company's competitive position in energy production and BTCMining industry:

This acquisition not only extends the economic life of our ASIC Mining Rig, but also effectively reduces operating costs, bringing us closer to the goal of 'almost zero operating costs'.

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MARA CFO Salman Khan pointed out:

This acquisition will help enhance MARA's return on capital, while dropping operating costs and reducing shareholder dilution risk.

Acquisition of wind farms on the left and issuance of convertible bonds on the right hand to drive business growth

Currently, the trend of enterprises in various countries intending to invest in BTC is continuing to rise, and MARA's Mining business is also steadily growing.

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Earlier reports indicated that the company produced 750 BTC in January and increased its holdings to 45,659 BTC, valued at over 4.3 billion USD at current prices.

Bitcoin Treasuries data indicates that MARA is currently the second largest publicly traded company holding BTC globally, second only to the 47.8 thousand BTC of Strategy ), which is approximately $45.6 billion; closely followed by another mining company, Riot Platforms, with 18 thousand BTC, approximately $1.73 billion.

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