Bitcoin Minor Mara concludes Texas Wind Farm's deal

Mara says Texas wind farms have 240 megawatts of interconnections and 114 megawatts of nameplate-like capacity. Bitcoin mining companies use their sites to reduce Bitcoin mining costs.

Mara Holdings, a leading Bitcoin (BTC) mining company and now the world's second largest publicly deployed flagship digital asset, has completed the acquisition of a wind farm in Texas.

The company announced via a press release on Tuesday, February 18th it had closed its acquisition agreement for Hansford County-based Wind Farm.

With this latest expansion effort, Mara's business will benefit from an additional interconnect capacity of 240 megawatts. It also has a wind power capacity of 114 megawatts.

“The end of this acquisition represents a significant milestone in Mara's continued transformation in expanding its asset base following a strategic shift from asset light to asset-heavy business models,” the statement said. I said.

Expanding the economic life of miners

According to Mara, the new site is set up to utilize the final generation ASIC Miner, which is scheduled to be written off or sold in the secondary market.

This will reuse these hardware and provide energy. This means 100% renewable energy and zero energy costs. It also means that vertical integration allows mining companies to reduce production costs.

“This additional renewable energy asset means that Mara currently owns and operates 136 megawatts of generation capacity, strengthening its position throughout the energy generation and Bitcoin mining process. The acquisition is based on the ASIC Minors. “We are now closer to achieving net zero operating costs,” Thiel added.

Mara Holdings Chief Financial Officer Salman Khan added via X's post.

“When combined with Bitcoin mining, intermittent wind energy reduces grid congestion during peak times, activates renewable assets, and extends the economic life of mining machines. Triple victory for miners, grids and wind producers. ”

Mara first announced its acquisition of Wind Farm in December 2024.

At the time, the company noted that the new site would use the company's advanced ASIC retirement initiative to expand the lives of Bitcoin mining hardware.