Summary
- Mara Holdings announced the acquisition of a wind farm in Texas, USA, to secure power needed for Bitcoin mining.
- The company stated they plan to improve ASIC mining hardware efficiency and reduce BTC production costs using renewable energy.
- Mara Holdings reported holding 40,435 BTC, which amounts to $3.9 billion.
According to cryptocurrency media CoinDesk on the 18th (local time), Bitcoin (BTC) mining company Mara Holdings (formerly Marathon Digital) announced the acquisition of a wind farm in Texas, USA, to power their Bitcoin mining operations.
Mara Holdings explained that they plan to reduce BTC production costs by using ASIC mining hardware powered by renewable energy.
Meanwhile, as of December 9th last year, Mara Holdings holds a total of 40,435 BTC, which is worth approximately $3.9 billion (about 5.5922 trillion won).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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