Bitcoin

<a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/">Marathon</a> Digital Holdings has embarked on a transformative journey with the acquisition of two Bitcoin mining sites for $179 million. This strategic move catapults Marathon's mining capacity by 56% to a staggering 910 megawatts, marking a significant shift from being an asset-light entity to owning a resilient and diversified Bitcoin mining portfolio, according to <a href="https://cointelegraph.com/news/cipher-mining-buys-37000-antminers">Cointelegraph</a>. 
The acquisition involves two operational sites from Generate Capital, boasting 390 megawatts combined. Of this, 82 megawatts are immediately available for expansion, providing Marathon with a substantial opportunity to boost its Bitcoin mining capabilities. The deal is not just about expansion; it's also about operational efficiency. The sites, one each in Granbury, Texas, and Kearney, Nebraska, offer Marathon the chance to optimize operations, notably through energy hedging, reducing the cost per coin by about 30%. 
What makes this deal particularly striking is its alignment with Marathon's strategic vision. The company has been evolving towards a more sophisticated, vertically integrated model. Owning these sites is a key step in this evolution, allowing Marathon to exercise greater control over its operations and cost structure.&nbsp; 
This acquisition sets the stage for Marathon to potentially double its operational <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/">hash rate</a> to around 50 exahashes within 18-24 months. By filling the available capacity with its own miners and gradually taking over spaces occupied by <a href="https://ultramining.com/news/en/bitcoin-mining-reshaping-landscape-amid-global-interest-surge/">hosting</a> clients, Marathon is positioning itself for significant growth and operational excellence.&nbsp; 
The agreement represents more than just a financial transaction; it's a strategic realignment for both Marathon and Generate Capital. For Marathon, it's about bolstering its position in the Bitcoin mining landscape. For Generate Capital, it's about refocusing on greening <a href="https://ultramining.com/news/en/crypto-miners-shift-gears-ai-is-the-new-gold-rush/">data centers</a> and other sustainability initiatives. In essence, this deal is a convergence of strategic interests, setting both companies on paths aligned with their long-term visions.

Marathon Digital Invests $179M

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