MARA Adds 372 Megawatts of Capacity in Ohio, with 152 Megawatts Operational and 220 Megawatts in Development
MARA announced the addition of 372 megawatts of compute capacity across three sites in Ohio. The company acquired two operational data centers in Hannibal and Hopedale with 222 megawatts of interconnect-approved capacity for $270/kW, and began developing a 150-megawatt facility in Findlay. The acquired sites have 122 megawatts of current capacity with approval to expand by 100 megawatts. The Findlay site has 30 megawatts of existing capacity. MARA plans to fully energize these facilities by end-2025, supporting its 2024 target of 50 EH/s. This expansion increases their total owned and operated compute capacity by over 70% and diversifies their portfolio across multiple ISOs.
MARA ha annunciato l'aggiunta di 372 megawatt di capacità di calcolo in tre siti in Ohio. L'azienda ha acquisito due data center operativi a Hannibal e Hopedale con 222 megawatt di capacità approvata per l'interconnessione al costo di $270/kW, e ha iniziato a sviluppare un impianto da 150 megawatt a Findlay. I siti acquisiti hanno una capacità attuale di 122 megawatt con approvazione per un'espansione di 100 megawatt. Il sito di Findlay ha 30 megawatt di capacità esistente. MARA prevede di attivare completamente queste strutture entro la fine del 2025, sostenendo il suo obiettivo del 2024 di 50 EH/s. Questa espansione aumenta la loro capacità totale di calcolo posseduta e gestita di oltre il 70% e diversifica il loro portafoglio attraverso più ISOs.
MARA anunció la adición de 372 megavatios de capacidad de computación en tres sitios en Ohio. La empresa adquirió dos centros de datos operativos en Hannibal y Hopedale con 222 megavatios de capacidad aprobada para interconexión por $270/kW, y comenzó a desarrollar una instalación de 150 megavatios en Findlay. Los sitios adquiridos tienen una capacidad actual de 122 megavatios con aprobación para expandirse en 100 megavatios. El sitio de Findlay tiene 30 megavatios de capacidad existente. MARA planea activar completamente estas instalaciones para finales de 2025, apoyando su objetivo de 2024 de 50 EH/s. Esta expansión aumenta su capacidad total de computación poseída y operada en más del 70% y diversifica su cartera a través de múltiples ISOs.
MARA는 오하이오의 세 곳에 372메가와트의 컴퓨팅 용량을 추가한다고 발표했습니다. 이 회사는 222메가와트의 상호 연결 승인 용량을 갖춘 한니벌과 호페일의 두 개의 운영 데이터 센터를 270달러/kW에 인수하고, 핀들리에 150메가와트 시설 개발을 시작했습니다. 인수된 사이트는 100메가와트로 확장할 수 있는 승인을 받아 현재 122메가와트의 용량을 보유하고 있습니다. 핀들리 사이트는 기존 용량이 30메가와트입니다. MARA는 2025년 말까지 이러한 시설을 완전히 활성화할 계획이며, 2024년 목표인 50 EH/s를 지원합니다. 이러한 확장은 70% 이상 운영되고 소유된 전체 컴퓨팅 용량을 증가시키고 여러 ISO에 걸쳐 포트폴리오를 다양화합니다.
MARA a annoncé l'ajout de 372 mégawatts de capacité de calcul sur trois sites dans l'Ohio. La société a acquis deux centres de données opérationnels à Hannibal et Hopedale avec une capacité d'interconnexion approuvée de 222 mégawatts pour 270 $/kW, et a commencé à développer une installation de 150 mégawatts à Findlay. Les sites acquis ont une capacité actuelle de 122 mégawatts avec approbation pour une extension de 100 mégawatts. Le site de Findlay dispose d'une capacité existante de 30 mégawatts. MARA prévoit de dynamiser pleinement ces installations d'ici fin 2025, soutenant son objectif de 50 EH/s pour 2024. Cette expansion augmente leur capacité totale de calcul possédée et exploitée de plus de 70 % et diversifie leur portefeuille à travers plusieurs ISO.
MARA hat die Hinzufügung von 372 Megawatt Rechenkapazität an drei Standorten in Ohio angekündigt. Das Unternehmen hat zwei betriebsbereite Rechenzentren in Hannibal und Hopedale mit 222 Megawatt interconnect-genehmigter Kapazität für 270 USD/kW erworben und mit der Entwicklung einer 150-Megawatt-Anlage in Findlay begonnen. Die erworbenen Standorte verfügen über derzeit 122 Megawatt Kapazität mit Genehmigung zur Erweiterung um 100 Megawatt. Die Findlay-Website hat 30 Megawatt bestehende Kapazität. MARA plant, diese Einrichtungen bis Ende 2025 vollständig zu aktivieren und unterstützt damit ihr Ziel von 50 EH/s für 2024. Diese Erweiterung erhöht die gesamte besitzen und betriebenen Rechenkapazität um über 70 % und diversifiziert ihr Portfolio über mehrere ISOs hinweg.
- Acquired data centers at $270/kW, one of the lowest multiples among public peers
- Total compute capacity increased by over 70%
- Potential 50% reduction in operating costs at Hopedale data center
- Secured compute capacity ready for deployment
- Total nameplate capacity increased to nearly 1.5 gigawatts
- None.
Insights
This strategic expansion significantly strengthens MARA's market position in digital asset compute infrastructure. The
The operational efficiency gains are compelling - potential
The strategic placement within PJM's territory is particularly noteworthy. This ISO offers superior grid reliability and sophisticated market mechanisms that can generate additional revenue streams through demand response programs. The geographic diversification strategy - ensuring no single ISO exceeds
The combination of operational and development-stage assets creates a balanced growth pipeline. The proximity to operating generation suggests potential for behind-the-meter arrangements, which could yield significant cost advantages and improved grid stability benefits.
- Acquisition of two sites totaling 222 megawatts of capacity for
$270 /kW $270 /kW acquisition multiple is one of lowest amongst larger public peers- Greenfield development of a 150-megawatt site, to be gradually energized by year-end 2025
- Compute is fully secured for operational capacity along with a majority of anticipated growth capacity
Fort Lauderdale, FL, Nov. 11, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced the addition of approximately 372 megawatts of owned and operated compute capacity across three sites in Ohio. These additions include the acquisition of two data centers offering a combined 222 megawatts of interconnect-approved capacity and the development of a third, greenfield data center, which is expected to add 150 megawatts of compute capacity upon completion.
On November 5, 2024, MARA acquired the two operational data centers in Hannibal and Hopedale, Ohio, with 222 megawatts of interconnect-approved capacity. These sites have 122 megawatts of capacity and interconnection approval to expand by another 100 megawatts. Simultaneously, MARA has begun developing a 150-megawatt operation in Findlay, Ohio, which already has 30 megawatts of capacity. These three facilities have a combined interconnect-approved capacity of 372 megawatts, which MARA intends to fully energize by the end of 2025. Compute for these sites is purchased, secured, and ready for deployment, and the Company believes these sites will accelerate MARA’s achievement of its 2024 target of 50 EH/s.
“Through MARA’s proven discipline and data center expertise, we acquired these assets at a multiple of approximately
Fred Thiel, MARA’s Chairman and CEO, added, “Beyond the financial advantages, these data centers contribute to the resilience of MARA’s flexible compute portfolio. This initiative increases MARA’s exposure to PJM, one of the largest and most sophisticated independent system operators (ISOs). Once energized, our data centers will be further diversified across multiple jurisdictions and independent system operators, ensuring that no single ISO contains more than 50 percent of our owned and operated capacity. We intend to further expand and diversify our portfolio of owned and operated sites, which we expect to yield significant cost savings. These growth initiatives align with our strategic goal to position MARA as one of the most cost-efficient operators in the industry.”
Throughout 2024, MARA secured just under 1 gigawatt of nameplate capacity through acquisitions and greenfield site developments. As a result of this strategic expansion, the Company's total nameplate capacity has increased to just under 1.5 gigawatts, with approximately 65 percent of this capacity proudly owned and operated by MARA.
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About MARA
MARA (NASDAQ:MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world's preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.
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