Marathon Digital Acquires Two Bitcoin Mining Facilities With 390 MW Capacity

According to Foresight News, Marathon Digital has signed a definitive purchase agreement to acquire two currently operating Bitcoin mining facilities from a subsidiary of PBC, with a total capacity of 390 MW, for a total of $178.6 million (or $458,000/MW), to be paid in cash from Marathon Digital's balance sheet. Currently, Marathon's Bitcoin mining portfolio has a capacity of 584 MW, with 3% located at company-owned or operated sites and 97% managed by third parties. After the completion of this transaction, Marathon's Bitcoin mining investment portfolio will include approximately 910 MW of capacity, with 45% directly located at company-owned sites and 55% managed by third parties.