MARA finishes acquisition of Texas wind farm for Bitcoin mining

Mara Holdings, Inc. has completed its acquisition of a wind farm in the county of Hansford, Texas.

The wind farm has 240 megawatts of interconnection capacity and 114 MW of wind energy. THE newly acquired site will use reused Asic mining equipment that would otherwise have been removed or sold.

By feeding machines with 100% renewable energy, Mara aims to reduce operational costs while preventing excessive energy from being limited. The wind energy of the installation is delivered with a zero marginal cost, helping the company to improve bitcoin (BTC) Production efficiency.

“With this additional active in renewable energies, Mara now has and operates 136 megawatts of generation capacity, strengthening our position in the entire energy process and bitcoin extraction,” said Fred Thiel, Chairman and CEO of Mara.

Mara expects the decision to extend the lifespan of its ASIC minors and reduces costs because it incorporates renewable energies into its mining Operations.

The company works at almost zero operating costs while demonstrating its commitment to environmental management.

The acquisition of Texas Wind Farm aligns with the broader Mara strategy to vetically integrate its operations, by taking advantage of renewable resources to improve profitability and sustainability in the Bitcoin extraction process.