MARA Holdings (Nasdaq: MARA) is one of the world's largest publicly traded Bitcoin mining companies, operating approximately 400,000 ASICs with 53.2 EH/s of capacity as of end of 2024. The company is strategically transforming into a vertically integrated energy and digital infrastructure business, expanding its energy portfolio to ~1.7 GW and investing in AI/HPC infrastructure, while also maintaining a significant Bitcoin treasury of nearly 50,000 BTC.
“MARA Holdings (Nasdaq: MARA) agreed to acquire Long Ridge Energy & Power, including its power plant in Hannibal, Ohio, from FTAI Infrastructure (Nasdaq: FIP) for $1.5B (including debt).”
“Bitcoin miners are among the most electricity-intensive businesses in the world, and direct power plant ownership represents a fundamental shift toward vertical integration of energy costs.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.