114 MW of operational wind generation
240 MW of interconnection capacity
Zero-marginal energy costs
MARA has acquired a wind farm in Hansford County, TX, to sustainably mine #bitcoin. This milestone allows us to extend the life of legacy miners while balancing the local grid.
American compute power is accelerating. Today, we’re announcing:
-Three new data centers.
-Owned and operated in Ohio.
-372 megawatts of capacity.
#Bitcoin - Made in USA.
October was our best month of bitcoin production since April’s halving event as uptime remained strong and we grew our energized hash rate to 40.2 EH/s, a 14% increase over September.
In partnership with NGON, MARA is launching a 25-megawatt micro data center operation across wellheads in Texas and North Dakota, transforming excess gas into power for the data centers while increasing methane mitigation efficiency for the energy producer.
On @BloombergTV, MARA Chairman and CEO @fgthiel explained how MARA's two-phase immersion technology can help reduce the AI industry's need for water consumption in a cost-effective way when cooling their infrastructure. Watch:
As part of our ongoing shift from Marathon Digital Holdings to MARA, our Nasdaq listing is now updated to MARA Holdings, Inc. MARA operates at the base layer. We build the foundation for industries shaping a sustainable future.
Yesterday, ERCOT experienced a historic day with system load reaching an all-time peak, surpassing the previous record set on August 10, 2023. Contrary to expectations, prices remained under $100/MWh at peak, compared to the near-cap prices of $5000/MWh (a $4,900 difference!) observed last August. This showcases the positive impact of bitcoin miners demand response capabilities - shedding load (aka curtailing) during peak demand hours - and the resulting impact on consumer energy pricing during peak demand hours in Texas.
In WiM505, @fgthiel joins me to discuss @MarathonDH's Bitcoin buying strategy, what makes MARA unique from other Bitcoin mining companies, Bitcoin nation state adoption, the future of Bitcoin mining, and the roadblocks on the way to global Bitcoin adoption.
For those new to the mining space, and to the imitators out there, here's a glimpse into @MarathonDH history and groundbreaking innovations. MARAPool mined its first block on May 9, 2021, and has since mined a total of 3,916 blocks. We launched Slipstream on February 22, 2024, and unveiled our first Block-Art (M Block) on March 26, 2024. Stay tuned for more MARA milestones!