MARA Holdings Announces Closing of Texas Wind Farm Acquisition
MARA Holdings has completed its acquisition of a wind farm in Hansford County, Texas, featuring 240 megawatts of interconnection capacity and 114 megawatts of nameplate wind capacity. The company plans to utilize last-generation ASIC mining hardware at the site, extending the life of equipment that would have otherwise been written off.
The acquisition aligns with MARA's strategic transition from an asset-light to an asset-heavy business model. With this addition, MARA now owns and operates 136 megawatts of generating capacity. The company aims to achieve near net-zero operating costs by leveraging renewable resources that would have otherwise been curtailed, while reducing bitcoin production costs through vertical integration.
MARA Holdings ha completato l'acquisizione di un parco eolico nella contea di Hansford, Texas, con una capacità di interconnessione di 240 megawatt e una capacità nominale eolica di 114 megawatt. L'azienda prevede di utilizzare hardware di mining ASIC di ultima generazione presso il sito, prolungando la vita di attrezzature che altrimenti sarebbero state dismesse.
L'acquisizione si allinea con la transizione strategica di MARA da un modello di business leggero in termini di asset a uno pesante. Con questa aggiunta, MARA ora possiede e gestisce 136 megawatt di capacità di generazione. L'azienda mira a raggiungere costi operativi quasi nulli sfruttando risorse rinnovabili che altrimenti sarebbero state limitate, riducendo nel contempo i costi di produzione di bitcoin attraverso l'integrazione verticale.
MARA Holdings ha completado la adquisición de un parque eólico en el condado de Hansford, Texas, con una capacidad de interconexión de 240 megavatios y una capacidad nominal de energía eólica de 114 megavatios. La empresa planea utilizar hardware de minería ASIC de última generación en el sitio, extendiendo la vida útil de equipos que de otro modo habrían sido dados de baja.
La adquisición se alinea con la transición estratégica de MARA de un modelo de negocio ligero en activos a uno pesado. Con esta adición, MARA ahora posee y opera 136 megavatios de capacidad de generación. La empresa tiene como objetivo alcanzar costos operativos casi nulos aprovechando recursos renovables que de otro modo habrían sido limitados, mientras reduce los costos de producción de bitcoin a través de la integración vertical.
MARA Holdings는 텍사스 한스포드 카운티에 있는 풍력 발전소의 인수를 완료했습니다. 이 발전소는 240메가와트의 상호 연결 용량과 114메가와트의 명목 풍력 용량을 가지고 있습니다. 회사는 현장에서 최신 ASIC 채굴 하드웨어를 사용할 계획이며, 이는 그렇지 않으면 폐기되었을 장비의 수명을 연장하는 것입니다.
이번 인수는 자산 경량 모델에서 자산 중량 모델로의 MARA의 전략적 전환과 일치합니다. 이번 추가로 MARA는 현재 136메가와트의 발전 용량을 소유하고 운영하고 있습니다. 회사는 제한되었을 자원을 활용하여 거의 제로에 가까운 운영 비용을 달성하고, 수직 통합을 통해 비트코인 생산 비용을 줄이는 것을 목표로 하고 있습니다.
MARA Holdings a finalisé l'acquisition d'un parc éolien dans le comté de Hansford, au Texas, avec une capacité d'interconnexion de 240 mégawatts et une capacité éolienne nominale de 114 mégawatts. L'entreprise prévoit d'utiliser du matériel de minage ASIC de dernière génération sur le site, prolongeant ainsi la durée de vie d'équipements qui auraient autrement été classés comme obsolètes.
Cette acquisition s'inscrit dans la transition stratégique de MARA d'un modèle économique léger en actifs vers un modèle lourd. Avec cet ajout, MARA possède et exploite désormais 136 mégawatts de capacité de production. L'entreprise vise à atteindre des coûts d'exploitation presque nuls en tirant parti de ressources renouvelables qui auraient autrement été restreintes, tout en réduisant les coûts de production de bitcoin grâce à l'intégration verticale.
MARA Holdings hat die Übernahme eines Windparks im Hansford County, Texas, abgeschlossen, der über eine Interkonnektionskapazität von 240 Megawatt und eine Nennleistung von 114 Megawatt verfügt. Das Unternehmen plant, vor Ort modernste ASIC-Mining-Hardware zu nutzen, um die Lebensdauer von Geräten zu verlängern, die andernfalls abgeschrieben worden wären.
Die Übernahme steht im Einklang mit MARAs strategischem Übergang von einem asset-light- zu einem asset-heavy-Geschäftsmodell. Mit dieser Ergänzung besitzt und betreibt MARA nun 136 Megawatt an Erzeugungskapazität. Das Unternehmen strebt an, nahezu null Betriebskosten zu erreichen, indem es erneuerbare Ressourcen nutzt, die andernfalls eingeschränkt worden wären, während die Produktionskosten für Bitcoin durch vertikale Integration gesenkt werden.
- Acquisition adds 240MW interconnection and 114MW nameplate wind capacity
- Increases total generating capacity to 136MW
- Expected reduction in bitcoin production costs through vertical integration
- Potential for near net-zero operating costs
- Extension of ASIC mining hardware economic life
- Capital expenditure for asset-heavy model transition
- Increased operational complexity from vertical integration
Insights
This strategic acquisition represents a sophisticated approach to addressing multiple challenges in the bitcoin mining industry. By vertically integrating renewable energy generation with mining operations, MARA is executing a compelling cost optimization strategy that deserves careful analysis.
The 240MW interconnection capacity, combined with 114MW of nameplate wind capacity, provides significant operational flexibility. More importantly, the zero-marginal-cost renewable energy structure effectively transforms what would have been depreciated ASIC mining hardware into viable production assets. This innovative approach to asset lifecycle management could potentially extend mining equipment ROI by 2-3 years, significantly improving capital efficiency.
The transition from an asset-light to asset-heavy model carries important implications for MARA's risk profile and competitive positioning:
- Vertical integration provides a natural hedge against energy price volatility, a critical factor in mining profitability
- Ownership of renewable energy assets creates potential additional revenue streams through grid services and energy trading during non-mining periods
- The ability to operate at near net-zero costs provides substantial operational leverage, particularly important during bitcoin price fluctuations
The strategic value of this acquisition extends beyond immediate cost savings. As environmental concerns increasingly influence institutional investment decisions, MARA's commitment to renewable energy could enhance its appeal to ESG-focused investors. The company's total generating capacity of 136 megawatts positions it as a significant player in the sustainable bitcoin mining sector, potentially commanding premium valuations compared to peers relying on traditional energy sources.
Fort Lauderdale, FL, Feb. 18, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, has closed its previously announced acquisition of a wind farm in Hansford County, Texas, with 240 megawatts of interconnection capacity and 114 megawatts of nameplate wind capacity.
The site will utilize last-generation ASIC mining hardware that would have otherwise been written off or sold into the secondary market. By repurposing machines and energizing them with
"The closing of this acquisition represents a significant milestone in MARA's ongoing transformation as we expand our asset base, following our strategic shift from an asset-light to an asset-heavy business model," said Fred Thiel, MARA's chairman and CEO. "With this added renewable energy asset, MARA now owns and operates 136 megawatts of generating capacity, strengthening our position across the entire energy generation and bitcoin mining process. This acquisition not only extends the economic life of our ASIC miners, but also drives reduction in operational costs, bringing us closer to achieving near net-zero operating costs. We are proud to revitalize this renewable energy asset, further underscoring our commitment to sustainability and long-term value creation."
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.
For more information, visit www.mara.com, or follow us on:
Twitter: @MARAHoldings
LinkedIn: www.linkedin.com/company/maraholdings
Facebook: www.facebook.com/MARAHoldings
Instagram: @maraholdingsinc
MARA Company Contact:
Telephone: 800-804-1690
Email: ir@mara.com
MARA Media Contact:
Email: mara@wachsman.com
FAQ
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