By Will FeuerMarathon Digital Holdings mentioned it has agreed to purchase two Bitcoin-mining websites for $178.6 million, a deal that follows a swift rally within the worth of Bitcoin over the previous few months. Marathon mentioned it is going to pay money for the websites, which might be its first totally owned websites and displays Marathon’s shift away from an asset-light focus to a extra vertically built-in Bitcoin-mining operation. As soon as the deal closes, 45% of Marathon’s Bitcoin-mining capability might be on websites immediately owned by the corporate. The websites, owned by Generate Capital, are in Granbury, Texas and Kearney, Nebraska. Marathon Chief Govt Fred Thiel mentioned the deal will enhance the scale of the corporate’s Bitcoin-mining capability by 56%.

Source: Wall Street Journal December 20, 2023 01:54 UTC