M&A
confidence high
sentiment positive
materiality 0.75
Marathon Digital closes acquisition of 390 MW Bitcoin mining sites from Generate Capital
MARA Holdings, Inc.
- Acquired two operational Bitcoin mining sites totaling 390 MW from Generate Capital.
- Portfolio now ~910 MW capacity; 45% directly owned, 55% hosted by third parties.
- Plans to scale to 50 exahashes over 18-24 months using proprietary technologies.
- CFO expects synergies to reduce bitcoin production costs from the acquisition.