MARA Holdings to build green data hub using repurposed ASICs in Hansford
The deal will close in early 2025
MARA Holdings (formerly Marathon Digital) announced the acquisition of a 240 MW wind farm in Hansford County, Texas.
The company plans to repurpose the site into a data center powered by reconditioned ASIC hardware that would otherwise be decommissioned.
The construction of the data center at the Hansford wind farm is part of MARA Holdings' new strategy for sustainable development. The facility will exclusively use the wind energy it generates, eliminating the need for additional power supply. Additionally, the repurposed ASIC hardware will minimize costs and create added value.
Commitment to sustainability
MARA Holdings CEO Fred Thiel stated that this acquisition demonstrates how the energy and data center sectors can collaborate to create long-term value while advancing sustainability initiatives.
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by Q1 2025. Upon completion, the project will mark a significant milestone in the company’s ongoing efforts to integrate renewable energy into its core operations.
Last month, MARA Holdings mined a record-breaking 907 BTC, increasing its hash rate by 15% to 46.1 EH/s. Additionally, the company recently raised $700 million through a bond issuance, part of which will likely fund the Texas wind farm acquisition.
MARA is the second-largest holder of Bitcoin after MicroStrategy, using the digital asset as part of its corporate reserves. According to Bitcoin Treasuries, MARA currently holds 25,945 BTC, valued at approximately $2.35 billion. For comparison, MicroStrategy, ranked first, holds 279,420 BTC worth $25.3 billion, while Riot Platforms holds 10,019 BTC valued at $907 million.
