MARA, a leader in digital asset computing, has announced a major acquisition to support its energy goals. The company will acquire a wind farm in Hansford County, Texas.
The acquisition includes 240 MW of interconnection capacity and 114 MW of nameplate wind capacity.
This move aligns with MARA’s goal to convert unused resources into economic value, lower energy costs, and support renewable energy.
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A Step Forward for Sustainable Energy and Data Centers
As part of the deal, MARA will develop and operate a behind-the-meter data center. The data center will be powered entirely by the site’s 114 MW of wind capacity. This will allow the company to operate the center at near-zero-marginal energy costs.
The data center will take wind demand off the grid, easing grid congestion. It will also contribute to local renewable energy development. MARA aims to build local power demand and support the clean energy sector’s growth.
“This acquisition serves as a blueprint for how the energy and data center sectors can collaborate to create long-term value while advancing sustainability initiatives,” said Fred Thiel, MARA’s Chairman and CEO.
He stated that MARA repurposes machines and powers them with 100% renewable, zero-marginal energy, leveraging renewable resources that would otherwise go unused.
This approach reduces bitcoin production costs through vertical integration and shows the company’s commitment to environmental stewardship.
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Advanced ASIC Retirement Initiative Promotes Sustainability
The wind farm acquisition supports MARA’s Advanced ASIC Retirement Initiative, giving retired hardware a second life. The company will use last-generation ASIC mining hardware it would have written off or sold.
Instead of discarding these machines, MARA will keep them running profitably using unused wind power. This initiative provides a sustainable, cost-efficient alternative to traditional hardware disposal.
Expanding Global Renewable Data Centers
The new wind farm acquisition expands MARA’s global fleet of renewably powered data centers. The company continues its commitment to sustainability. It offers a more eco-friendly solution for digital asset computing.
The transaction is subject to regulatory approvals and customary closing conditions. It is expected to close in the first quarter of 2025.
This move highlights MARA’s dedication to integrating renewable energy sources into its operations. It aims to create long-term, sustainable value for the company and its stakeholders.