MARA Holdings Plans to Acquire Wind Farm in Texas to Power Sustainable Bitcoin Mining Data Center

The wind farm, with 240 megawatts of interconnection capacity and 114 MW of operational wind generation, will allow MARA to create a vertically integrated operation with zero-marginal energy costs.

Bitcoin mining firm MARA Holdings, Inc. (NASDAQ:MARA) has announced plans to acquire a wind farm in Hansford County, Texas, to power its sustainable Bitcoin mining data center.

According to a company press release, the wind farm boasts 240 megawatts of interconnection capacity and 114 MW of operational wind generation, enabling MARA to establish a vertically integrated operation with zero-marginal energy costs.

This acquisition marks a strategic shift for MARA, aiming to integrate renewable energy into its mining operations, which demand substantial computational power. Bitcoin mining involves validators solving complex mathematical problems to validate transactions on the Bitcoin (BTC) network, consuming significant energy. The proposed data center will be powered entirely by the wind farm, reducing reliance on traditional energy sources and alleviating strain on the Texas power grid.

Highlighting the broader benefits of the wind farm acquisition, MARA’s CEO Fred Thiel mentioned reducing Bitcoin production costs and repurposing older mining hardware.

“This acquisition serves as a blueprint for collaboration between the energy and data center sectors to create long-term value while advancing sustainability initiatives,” Thiel said.

ASIC miner lifespan

A key component of the project is MARA’s Advanced ASIC Retirement Initiative, which will repurpose aging ASIC mining machines—specialized hardware used in Bitcoin mining—by extending their operational lifespan and preventing them from being discarded or sold.

These machines will be deployed at the wind farm to mine Bitcoin, creating a cost-efficient and environmentally friendly mining model, as the ASIC miners will run on renewable wind power.

The acquisition aligns with MARA's broader sustainability goals, as the company continues to develop a global network of renewable energy-powered data centers. The transaction is expected to close in the first quarter of 2025, pending regulatory approvals.