According to Odaily, Bitcoin mining company MARA has announced the acquisition of a wind farm in Texas, USA. The purchase was made from a joint venture between a national grid company and the Washington State Investment Board. The specific financial details of the acquisition have not been disclosed.
This strategic move aligns with MARA's ongoing efforts to expand its renewable energy resources, which are crucial for sustainable Bitcoin mining operations. The acquisition comes on the heels of MARA's recent decision to increase the issuance of convertible senior notes to $850 million. A portion of the proceeds from this issuance is intended to be used for increasing their Bitcoin holdings.
The acquisition of the wind farm is expected to bolster MARA's energy portfolio, providing a more sustainable and environmentally friendly power source for its mining activities. This move reflects a growing trend among cryptocurrency mining companies to invest in renewable energy solutions, aiming to reduce their carbon footprint and address environmental concerns associated with Bitcoin mining.
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