Marathon Digital Holdings Announces the Closing of its Acquisition of Bitcoin Mining Sites
Marathon Digital Holdings has closed its previously announced acquisition of two operational Bitcoin mining sites, totaling 390 megawatts of operational capacity, from Generate Capital. Read the full press release.
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Marathon Digital Holdings announces the closing of its acquisition of Bitcoin mining sites. Marathon Digital Holdings has closed its previously announced acquisition of two operational Bitcoin mining sites totaling 390 megawatts of operational capacity from Genery Capital.
The company's mining portfolio now consists of approximately 9,910 megawatts of capacity, with 45% residing on sites they directly own and 55% hosted by third parties. Fred Thiel, Marathon's Chairman and CEO, stated that this acquisition strengthens the company’s position. San Con, Marathon's Chief Financial Officer, added that the transaction was possible due to Marathon's strong balance sheet and ability to act decisively. The company looks forward to realizing synergies from this acquisition, including anticipated reductions in Bitcoin production costs.
To read the full press release, visit mara.com.
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