MARA, a worker of bitcoin, buys a Texas weather land to increase capacity.

MARA ( formerly Marathon ), a publicly traded bitcoin miner, completed its acquisition of a wind farm in Hansford County, Texas on Tuesday, adding 240 megawatts of interconnection capacity and 114 megawatts of operational wind generation to its capabilities.

The merger, which was first announced in December, is part of MARA’s goals to” convert underused sustainable assets into economic price”.

The site will use resources that otherwise would have been discarded or sold on the secondary market as part of MARA’s Advanced ASIC Retirement Initiative, an effort to enable Bitcoin mine equipment to work effectively beyond its normal lifecycle.

MARA then owns and operates 136 megawatts of generating power, strengthening our position throughout the whole energy- and Bitcoin-mining approach, according to MARA Chairman and CEO Fred Thiel in a statement. This merger brings us closer to achieving near net-zero operating expenses by extending the financial life of our ASIC workers as well as reducing operational costs.

According to the company’s CFO Salman Khan, the consolidation is also anticipated to “enhance MARA’s return on investment employed while reducing our working costs and limiting shareholder dilution” in addition to extending the equipment cycle of older Bitcoin mining machines.

The company produced 750 Bitcoin via its mine operations in January, while upping its assets to 45, 659 Bitcoin. It is currently worth more than$ 4.3 billion, making it the second-largest shareholder of the top crypto asset among publicly traded companies. &nbsp,

Shares of MARA are trading at$ 16.13 as of this writing, down 4.5 % in the last 24 hours and 17.5 % in the last month