Marathon Digital to Buy 200 MW Bitcoin Farm

Marathon Digital Holdings has officially agreed to purchase a 200 MW data center located in Garden City, Texas from Applied Digital Corporation.

The acquisition will amount to $87.3 million and will be paid in full using funds from Marathon’s balance sheet. After the transaction is complete, Marathon’s mining capacity will increase to 1.1 GW.

Over half of this capacity (54%) will come from Marathon’s own operations. The company is currently a customer at Applied Digital’s facility, utilizing approximately 100 MW.

The equipment used in the facility generates a hashrate of approximately 4.5 EH/s.

According to Marathon’s Chairman and CEO Fred Thiel, gaining control of the data center will lead to a 20% reduction in mining costs for Bitcoin.