MARA Holdings, a publicly listed Bitcoin mining company on Wall Street, has finalized its acquisition of a wind farm located in Hansford County, Texas. The facility has an interconnection capacity of 240 megawatts and a nameplate wind capacity of 114 megawatts.

MARA Repurposes ASIC Hardware with Wind Power

The acquired wind farm will be used to power mining operations with the latest-generation ASIC hardware. These machines were previously deemed surplus and would have either been written off or sold on the secondary market.

By repurposing these devices, MARA aims to operate them using 100% renewable energy sourced from the wind farm. This approach eliminates the marginal energy costs typically associated with mining.

"With this added renewable energy asset, MARA now owns and operates 136 megawatts of generating capacity, strengthening our position across the entire energy generation and bitcoin mining process," said Fred Thiel, MARA's Chairman and CEO.

Lowering Bitcoin Costs with Renewable Energy

The move is positioned as a way for MARA to lower its Bitcoin production costs through vertical integration, reducing reliance on traditional energy sources. Additionally, the company intends to make use of renewable energy that might have otherwise been curtailed.

$MARA closed their acquisition of a 240 MW Wind Farm in Texas where they will be 100% vertically integrated with renewable energy as the power source to produce "Made in USA" $BTC via MARA Pool 🇺🇸

This is a step forward in their strategy to achieve near net-zero operating costs… pic.twitter.com/FLX69HqtW0

— Cryptoklepto (@CK_Cryptoklepto) February 18, 2025

This shift also reflects MARA’s stated focus on environmental responsibility, although the company has not specified how much it expects to save in energy costs or how this initiative will impact overall mining efficiency.