secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001493152-24-010217
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224010217/0001493152-24-010217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224010217/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010217

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer