---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-045354"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:30:57.093126+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Marathon Digital acquires two Bitcoin mining sites for $178.6M; portfolio capacity +56% to 910 MW

## Summary
- Purchase price $178.6M ($458k/MW) for 390 MW sites in Granbury, TX and Kearney, NE; to be paid in cash from balance sheet.
- Transaction increases portfolio from 584 MW to 910 MW (56% gain); Marathon becomes owner of fully owned sites for first time.
- 82 MW vacant for immediate expansion; expects cost per coin reduction of ~30% at these sites.
- Plans to double operational hash rate to ~50 EH over 18-24 months; no financing contingency.
- Closing expected Q1 2024, subject to HSR and other conditions; reverse termination fee $9.0125M.

## SEC filing metadata
- accession: 0001493152-23-045354
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315223045354/0001493152-23-045354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315223045354/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-045354
- JSON: https://secwatch.observer/filing/0001493152-23-045354.json
- Plain text: https://secwatch.observer/filing/0001493152-23-045354.txt

## Key facts
- Material Agreements
  MARA Holdings, Inc. entered into definitive purchase agreement with subsidiaries of Generate Capital, PBC valued at $178.6 million (effective 2023-12-19).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: subsidiaries of Generate Capital, PBC
  - Value: $178.6 million
  - Effective: 2023-12-19
  source text: Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”) , a leader in supporting and securing the Bitcoin ecosystem, has entered into a definitive purchase agreement to acquire two currently operational Bitcoin mining sites , totaling 390 megawatts of capacity, from subsidiaries of Generate Capital, PBC (“Generate”) for a total of $178.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000149315223045354/0001493152-23-045354-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.