• MARA states that the Texas wind farm has a capacity of 240 megawatts for interconnection and 114 megawatts of nameplate wind power.
• The Bitcoin mining company intends to utilize this location to decrease its Bitcoin mining expenditures.

MARA Holdings, a leading Bitcoin (BTC) mining enterprise and recognized as the second-largest publicly traded holder of this primary digital currency, has finalized its acquisition of a wind farm situated in Texas.

As announced in a press release on Tuesday, February 18th, the company has officially closed the deal to acquire the wind farm located in Hansford County.

This recent expansion initiative will grant MARA’s operations an additional interconnection capacity of 240 megawatts, alongside a nameplate wind capacity of 114 megawatts.

Fred Thiel, Chairman and Chief Executive Officer of MARA Holdings, commented, “The completion of this acquisition signifies a vital advancement in MARA’s ongoing evolution as we broaden our assets, in line with our strategic transition from an asset-light to an asset-heavy business framework.”

Extending miners’ economic lifespan

According to MARA, this new facility is designed to utilize the previous generation of ASIC miners, devices that were initially considered for write-off or sale in the secondary market.

Now, this hardware is set to be repurposed and powered, leveraging 100% renewable energy at near-zero marginal energy costs. This strategic move is expected to enable the mining firm to substantially reduce its production expenses through vertical integration.

Thiel further explained, “By incorporating this renewable energy asset, MARA now possesses and manages 136 megawatts of power generation capacity, reinforcing our position across the entire spectrum of energy production and Bitcoin mining. This acquisition is instrumental in prolonging the economic viability of our ASIC miners and, importantly, in diminishing our operational costs, bringing us closer to achieving near net-zero operating expenses.”

Salman Khan, Chief Financial Officer of MARA Holdings, added via a post on X:

“Integrating intermittent wind energy with Bitcoin mining alleviates grid congestion during peak usage periods, rejuvenates renewable energy assets, and extends the operational life of mining equipment—a beneficial outcome for miners, the power grid, and wind energy producers alike.”

MARA initially announced the acquisition of the wind farm in December 2024.

At that time, the company indicated that the new site would employ their Advanced ASIC Retirement Initiative to extend the service life of their Bitcoin mining hardware.