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▲ Bitcoin (BTC) Mining
Marathon Digital Holdings (MARA), the world's largest Bitcoin mining company, has acquired a large gas power plant in Ohio for $1.5 billion to secure energy independence.
According to cryptocurrency media outlet The Block on April 30 (local time), MARA has finalized an agreement to acquire the Long Ridge Energy Terminal located in Ohio for $1.5 billion. This acquisition is a strategic choice for the Bitcoin (BTC) mining company to directly own power generation facilities, thereby reducing dependence on external power grids and significantly cutting operating costs.
The core asset of this transaction is Long Ridge's 485-megawatt combined cycle gas power plant. Through this facility, MARA can directly supply the massive power required for mining, as well as diversify its business by selling surplus electricity based on power market conditions or participating in grid stabilization services.
Fred Thiel, CEO of MARA, explained that energy cost management and vertical integration were the decisive factors behind this large-scale investment. Thiel emphasized, "Directly controlling energy infrastructure is a key driver for maximizing mining efficiency and ensuring long-term profitability," adding that this acquisition will be a significant turning point in enhancing corporate value.
Meanwhile, the mining industry evaluates this transaction as an industrial inflection point where mining companies evolve into energy companies, beyond a simple asset acquisition. Especially given the deteriorating profit structure after the Bitcoin halving, securing stable, low-cost electricity is directly linked to a company's survival, making it highly likely that other large mining companies will follow similar paths.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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