Marathon Digital Acquires New Mining Sites for $179 Million

🏭Marathon Digital acquires two operational Bitcoin mining sites to expand its mining capacity and reduce production costs.

🔝The acquisition will allow Marathon to double its operational hash rate over the next 2 years.

💰Marathon expects the deal to reduce its cost of mining a single Bitcoin by 30%.

💡The company plans to install additional mining equipment as hosting clients depart from the acquired data centers.

🚀Marathon is preparing for the upcoming Bitcoin halving in 2024 by expanding its mining capacity.

What is Marathon Digital's goal in acquiring new mining sites?

—Marathon Digital aims to expand its mining capacity, reduce production costs, and prepare for the upcoming Bitcoin halving in 2024.

How will the acquisition impact Marathon's operational hash rate?

—The acquisition will enable Marathon to double its operational hash rate over the next 2 years.

What cost reduction is Marathon expecting from the deal?

—Marathon expects to reduce its cost of mining a single Bitcoin by 30% through the acquisition.

What are Marathon's plans for the acquired data centers?

—Marathon plans to install additional mining equipment as hosting clients depart from the data centers.

Why is Marathon preparing for the upcoming Bitcoin halving?

—The Bitcoin halving in 2024 will reduce the block rewards for miners, making it critical for Marathon to increase its mining capacity.

08:39Marathon Digital acquires two operational Bitcoin mining sites for $179 million in preparation for the upcoming Bitcoin halving in 2024.

09:53The acquisition allows Marathon to expand its mining capacity and reduce production costs.

10:45Marathon plans to double its operational hash rate over the next 2 years.

11:17The company expects the deal to reduce its cost of mining a single Bitcoin by 30%.

11:46Marathon plans to install additional mining equipment as hosting clients depart from the acquired data centers.

12:25The company is preparing for the upcoming Bitcoin halving by expanding its mining capacity.