---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010217"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:04:03.424627+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marathon Digital to acquire 200MW bitcoin mining data center for $87.3M from Applied Digital

## Summary
- Purchase price $87.3M in cash (~$437K/MW); expected close Q2 2024.
- Site in Garden City, TX adjacent to wind farm, powered predominantly by renewable energy.
- Will increase Marathon's directly owned/operated megawatts to 54% of 1.1 GW portfolio.
- Expected to reduce cost per coin at the site by approximately 20%.
- Adds 100 MW expansion capacity; 32 MW available at closing, rest subject to regulatory approvals.

## SEC filing metadata
- accession: 0001493152-24-010217
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315224010217/0001493152-24-010217-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315224010217/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010217
- JSON: https://secwatch.observer/filing/0001493152-24-010217.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010217.txt

## Key facts
- Material Agreements
  MARA Holdings, Inc. entered into definitive purchase agreement with Applied Digital Corporation valued at $87.3 million (effective 2024-03-15).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Applied Digital Corporation
  - Value: $87.3 million
  - Effective: 2024-03-15
  source text: has entered into a definitive purchase agreement to acquire Applied Digital Corporation’s ("Applied Digital") Bitcoin mining data center in Garden City, Texas, with a name plate capacity of 200 megawatts, for a purchase price of $87.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000149315224010217/0001493152-24-010217-index.htm

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