TLDR Crypto · MARKETS & BUSINESS

A BITCOIN MINING BEHEMOTH MAKES BUY TO GET EVEN BIGGER

blockworks.co2 min read

Summary from the TLDR Crypto newsletter

Marathon Digital is reportedly planning to acquire two bitcoin mining facilities in Texas and Nebraska from Generate Capital for $178.6 million, a move to boost its bitcoin mining capacity by 390 megawatts. The acquisition will help Marathon Digital double its hash rate in the next few years and eventually reduce bitcoin production costs by about 30% at these locations.