Marathon Digital Holdings has expanded its Bitcoin mining operations with the acquisition of a 200-megawatt data center in Texas for $87.3 million. This strategic step is taken at a time when the cryptocurrency industry is preparing for the coming bitcoin halving event, which should reduce mining rewards by half.
Strategic Acquisition in Texas
Marathon Digital Holdings has completed an acquisition deal with Applied Digital to buy a 200-megawatt Bitcoin mining facility based in Texas. This acquisition is set to bolster Marathon’s total bitcoin mining capacity to approximately 1.1 gigawatts. The transaction, valued at $87.3 million, is a cash deal, with Marathon utilizing its existing capital reserves. However, this growth is not only the extension in size of operations but also a shift in mining control, thus a majority of the capacity is now under Marathon’s direct order.
This acquisition will further strengthen Marathon’s total bitcoin mining capacity of nearly 1.1 gigawatts
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