MARA Holdings Acquires Wind Farm in Texas

MARA Holdings (MARA), the second-largest publicly traded corporate bitcoin holder, has completed the acquisition of a Texas wind farm, adding:

• 114 megawatts of nameplate wind capacity
• 240 megawatts of interconnection capacity

Based in Florida, the company plans to use the wind farm to power its bitcoin mining operations utilizing last-generation ASIC mining hardware that would have otherwise been discarded or sold in the secondary market.

MARA highlighted that repurposing these machines and harnessing renewable energy will help reduce the costs of bitcoin mining while utilizing wind power that might have otherwise remained untapped.

“With this added renewable energy asset, MARA now owns and operates 136 megawatts of generating capacity,” CEO Fred Thiel stated in the announcement.

Currently, MARA holds 45,659 BTC on its balance sheet, confirming its position as the second-largest publicly traded corporate bitcoin holder.