Marathon (MARA) expands strategically with two new bitcoin mining locations in Texas and Nebraska, acquired from Generate Capital for $178.6 million in cash. This move shifts Marathon’s status from ‘asset-light’ to a significant mining operation holder, providing 390 MW power capacity. They project a 30% decrease in bitcoin discovery costs and aim to double their hash rate to around 50 exahashes in 18-24 months.
Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M
