BTC Miner Marathon Digital (MARA) acquires new mining farm for $179 million

The acquisition, which will add 390 megawatts of capacity, will be paid for with cash from Marathon’s balance sheet, the company announced Tuesday. Across both sites, approximately 21% is vacant and available for expansion, 63% is occupied by Bitcoin mining tenants and 16% is already occupied by Marathon. Marathon said it expects the acquisition to reduce its cost per coin mined by about 30%.