Marathon Digital Holdings, a prominent Bitcoin mining company, has made a significant investment of $178.6 million to acquire two Bitcoin mining data centers from Generate Capital. This move is part of Marathon's strategy to enhance its mining capacity ahead of the anticipated Bitcoin mining reward halving in 2024. The acquisition increases Marathon's total mining capacity to 910 megawatts, positioning it strongly in the competitive mining landscape. The new facilities, located in Texas and Nebraska, also provide additional space for future expansion, supporting Marathon's goal to double its operational hash rate over the next two years.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
