Marathon Digital Holdings, Inc. (NASDAQ: MARA), a prominent player in the Bitcoin mining sector, has finalized the purchase of a 200-megawatt Bitcoin mining data center in Garden City, Texas. This acquisition is part of Marathon's broader strategy to enhance its operational capacity and decrease production costs. By gaining an extra 100 megawatts of capacity through this acquisition, the company is poised to significantly enhance its mining capabilities.

Fred Thiel, Marathon’s chairman and CEO, emphasized how this acquisition will improve the company's control over operations and reduce the cost per coin mined at the facility. Once the acquisition is fully integrated, Marathon's total mining capacity is expected to reach 1.1 gigawatts, with a significant portion owned and operated by the company globally. With new machine orders representing an additional 45 exahash of capacity, Marathon is on track to achieve its growth targets for this year and the next.

Wes Cummins, CEO and chairman of Applied Digital, the previous owner of the Garden City data center, praised the facility's cutting-edge infrastructure and expressed optimism that this transaction will benefit both Marathon and Applied Digital in pursuing their long-term goals.

Marathon's acquisition of the Garden City data center highlights its dedication to enhancing the Bitcoin ecosystem through improved mining operations. The company's commitment to sustainability is reflected in its use of environmentally friendly energy sources to power its facilities. As Marathon expands its mining activities, it serves as a model for the industry on responsible and efficient large-scale Bitcoin mining practices.