{"id":47722,"date":"2025-02-18T17:04:48","date_gmt":"2025-02-18T17:04:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-miner-mara-closes-deal-for-texas-wind-farm\/"},"modified":"2025-02-18T17:04:48","modified_gmt":"2025-02-18T17:04:48","slug":"bitcoin-miner-mara-closes-deal-for-texas-wind-farm","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-miner-mara-closes-deal-for-texas-wind-farm\/","title":{"rendered":"Bitcoin miner MARA closes deal for Texas wind farm"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1652450472498-837271a8-7cad-4f21-817b-49fb789ff148-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1652450472498-837271a8-7cad-4f21-817b-49fb789ff148-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1652450472498-837271a8-7cad-4f21-817b-49fb789ff148-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1652450472498-837271a8-7cad-4f21-817b-49fb789ff148-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>MARA says the Texas wind farm has a capacity of 240 megawatts of interconnection and 114 megawatts of nameplate wind.<\/li>\n<li>The Bitcoin mining company will leverage the site to cut its Bitcoin mining costs.<\/li>\n<\/ul>\n<p>MARA Holdings, a leading Bitcoin (BTC) mining firm and currently the world\u2019s second-largest publicly-traded holder of the flagship digital asset, has completed the acquisition of a wind farm in Texas.<\/p>\n<p>The company <a href=\"https:\/\/ir.mara.com\/news-events\/press-releases\/detail\/1389\/mara-holdings-announces-closing-of-texas-wind-farm-acquisition\" target=\"_blank\" rel=\"noopener\">announced<\/a> it closed the acquisition deal for Hansford County-based wind farm via a press release on Tuesday, Feb. 18.<\/p>\n<p>In this latest <a href=\"https:\/\/coinjournal.net\/news\/marathon-digital-to-acquire-bitcoin-mining-sites-for-179-million\/\">expansion effort<\/a>, MARA\u2019s operations will benefit from an additional interconnection capacity of 240 megawatts. There\u2019s also another 114 megawatts of nameplate wind capacity.<\/p>\n<p>\u201cThe closing of this acquisition represents a significant milestone in MARA\u2019s ongoing transformation as we expand our asset base, following our strategic shift from an asset-light to an asset-heavy business model,\u201d Fred Thiel, MARA Holdings chairman and chief executive officer, said in a statement.<\/p>\n<h2>Extending miners\u2019 economic lives<\/h2>\n<p>According to MARA, the new site is set to tap into the last-generation ASIC miners that were either set to be written off or sold on the secondary market.<\/p>\n<p>Now these hardware will be repurposed and energized. This means 100% renewable and zero-marginal energy costs. It also means the mining company will be able to cut its production costs via vertical integration.<\/p>\n<p>\u201cWith 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,\u201d Thiel added.<\/p>\n<p>MARA Holdings chief financial officer Salman Khan added via a post on X:<\/p>\n<p>\u201cWhen paired with Bitcoin mining, intermittent wind energy reduces grid congestion during peak times, revitalizes renewable assets, and extends the economic life of mining machines. A triple win for miners, the grid, and wind producers,\u201d<\/p>\n<p>MARA <a href=\"https:\/\/ir.mara.com\/news-events\/press-releases\/detail\/1383\/mara-acquires-wind-farm\" target=\"_blank\" rel=\"noopener\">first announced the acquisition<\/a> of the wind farm in Dec. 2024.<\/p>\n<p>At the time, the company noted that the new site would use the company\u2019s Advanced ASIC Retirement Initiative to extend the lives of Bitcoin mining hardware.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-miner-mara-closes-deal-for-texas-wind-farm\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) MARA says the Texas wind farm has a capacity of 240 megawatts of interconnection and 114 megawatts of nameplate wind. The Bitcoin mining company will leverage the site to cut its Bitcoin mining costs. MARA Holdings, a leading Bitcoin (BTC) mining [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":47723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47722"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47722"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47723"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}