Cryptocurrencies
Bitcoin Miner MARA Buys Texas Wind Farm as AI Crowds Out Crypto
- MARA plans to mine Bitcoin only when the wind is blowing
- Crypto was considered a big power user until AI came along
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One of the world’s biggest Bitcoin miners is buying a wind farm to power its operations as big tech firms increasingly suck up available sources of electricity for their own data centers.
MARA Holdings Inc. bought the North Texas wind farm in Hansford County from a joint venture between National Grid Plc and the Washington State Investment Board, according to a filing with the US Federal Energy Regulatory Commission. The sale price wasn’t disclosed. MARA plans to use the facility’s 114 megawatts of power to mine Bitcoin when the wind is blowing and halt operations when it’s not.