Marathon Digital will fully acquire two operational Bitcoin mining sites from Generate Capital, allowing the firm to double its hash rate over two years.
Marathon Digital will pay $178.6 million for two mining data centers as it looks to increase its capacity ahead of the Bitcoin mining reward halving in 2024.
Marathon announced on Dec. 19 that it will acquire two operational Bitcoin (BTC) mining sites from Generate Capital, totaling 390 megawatts of capacity. Marathon’s Bitcoin mining portfolio currently consists of 584 megawatts, with 97% of its capacity provided by third-party data centers.
Upon completion of the transaction in early 2024, Marathon will have 910 megawatts of mining capacity, 45% of which will be owned and run by the company. Marathon will still outsource 55% of its mining capacity through third-party hosting agreements.
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Source: https://cointelegraph.com/news/marathon-buys-two-bitcoin-mining-operations-170m