BTC Miner Marathon Digital (MARA) to Acquire New Mining Sites for $179M

Jamie Crawley

The acquisition, which will add 390 megawatts of capacity, will be paid in cash from Marathon’s balance sheet, the company announced on Tuesday. Across the two sites, around 21% is vacant and available for expansion, 63% is occupied by bitcoin mining tenants and 16% is already occupied by Marathon. Marathon said it expects the acquisitions to reduce the cost per coin mined by around 30%.

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