Marathon Digital Holdings strikes $87 million equipment deal before bitcoin halving | Headlines | News | CoinMarketCap
03/16/2024 03:08
Marathon Digital Holdings (MDH) is building out its crypto mining resources as it prepares to weather a scheduled change to the bitcoin blockchain's …
Marathon Digital Holdings (MDH) is building out its crypto mining resources as it prepares to weather a scheduled change to the bitcoin blockchain's programming that could reduce its profits.
In a release on Thursday, the company announced that it will purchase a 200-megawatt data center in Texas for $87.3 million. This will also significantly change how Marathon does its mining.
"Following the close of this acquisition and the anticipated expansion of the site in 2024, Marathon will have increased the number of megawatts in its mining portfolio to 1.1 gigawatts, 54% of which will reside on sites directly owned and operated by the Company," Marathon said in its press release.
Currently, just 3% of its mining is on facilities owned and operated by Marathon.
The added …