Crypto miner acquires a $240 million wind farm to secure low energy prices
The American cryptocurrency miner Mara has announced the acquisition of a wind farm in Hansford County, Texas, marking a major milestone in the company’s sustainability efforts. The wind farm, which has a 240 megawatts (MW) interconnection capacity and a 114 MW nameplate wind capacity, will play a central role in the company's goal to drive renewable energy use in its data centers.
According to the company, the $240 million acquisition aligns with the strategy to repurpose underutilized renewable resources into economic value while achieving near-zero energy costs.
The newly acquired wind farm will supply 100% renewable energy to a behind-the-meter data center that Mara plans to develop and operate at the site. Powered entirely by the wind farm's 114 MW of capacity, the data center will benefit from zero-marginal energy costs, significantly reducing operational expenses.
Fred Thiel, Chairman and CEO of Mara, emphasized the strategic importance of the acquisition. "This acquisition serves as a blueprint for how the energy and data center sectors can collaborate to create long-term value while advancing sustainability initiatives," Thiel said.
The wind farm acquisition also aligns with the company plans to combine renewable energy with its growing data center infrastructure to reduce carbon emissions and lower bitcoin production costs through vertical integration. Most of the power used by the company’s data centers comes from the grid, wind farms and flare gas.
Source(s)
Mara (In English)
