MARA finishes acquisition of Texas wind farm for Bitcoin mining

MARA Holdings, Inc. has completed its acquisition of a wind farm in Hansford County, Texas. 

The wind farm has 240 megawatts of interconnection capacity and 114 MW of wind power. The newly acquired site will use repurposed ASIC mining hardware that would have otherwise been retired or sold. 

By powering the machines with 100% renewable energy, MARA aims to reduce operational costs while preventing excess energy from being curtailed. The facility’s wind power comes with zero marginal cost, helping the company improve Bitcoin ( BTC ) production efficiency.

“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,” said Fred Thiel, MARA’s chairman and CEO.

MARA expects the move to extend the lifespan of its ASIC miners and drive down costs as it integrates renewable energy into its mining operations. 

The company is working toward near-net-zero operating costs while demonstrating its commitment to environmental stewardship.

The Texas wind farm acquisition aligns with MARA’s broader strategy to vertically integrate its operations, leveraging renewable resources to enhance profitability and sustainability in the bitcoin mining process.