LATEST: Marathon Digital Boosts Bitcoin Mining Capacity with $178.6 Million Investment

Marathon Digital is poised for a major expansion in Bitcoin mining, investing $178.6 million to acquire two data centers from Generate Capital. This strategic move, announced on December 19, aims to prepare Marathon for the Bitcoin mining reward halving in 2024. By adding 390 megawatts, Marathon’s capacity will surge to 910 megawatts. These centers, located in Texas and Nebraska, will enable Marathon to own 45% of its operations, planning a hash rate increase to 50 exahashes in two years. This acquisition is expected to cut mining costs by 30% while significantly boosting Bitcoin production capabilities.

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