MARA invests in renewable energy with Texas wind park acquisition
The US-based Bitcoin mining company MARA has successfully completed the acquisition of a wind park in Hansford County, Texas. This facility boasts a nominal capacity of 114 megawatts, with the regional power grid capable of handling up to 240 megawatts. According to MARA, the wind park operates on "100 percent renewable energy." The company plans to use this energy to power the latest generation of ASIC miners, which would otherwise be decommissioned or sold on the secondary market.
The acquisition, initially announced in December of the previous year, is part of MARA's strategy to reduce operational costs to "near zero." CEO Fred Thiel described the purchase as a blueprint for collaboration between the energy and data center sectors to create long-term value while expanding renewable initiatives. Although financial details of the deal remain undisclosed, this move aligns with MARA's broader goal of sustainable and cost-effective Bitcoin mining. This report was originally published by BTC-ECHO | Bitcoin & Blockchain since 2014. For more details, visit their website at https://www.btc-echo.de/schlagzeilen/mara-kauft-windpark-bitcoin-miner-setzt-auf-erneuerbare-energie-201955/.
Canaan expands mining capacity and unveils innovative products
Canaan Inc., a leader in crypto-mining technology, has made significant strides in its mining strategy as of January 2025. The company reported an increase in Bitcoin production, reaching 88 Bitcoins compared to 62 in the previous month. This growth is attributed to an 18.2% rise in global hashrate, from 5.44 EH/s to 6.43 EH/s, and the introduction of new products targeting both professional and private markets.
At the CES in Las Vegas, Canaan introduced two groundbreaking products: the Avalon Mini 3 and the Avalon Nano 3S. The Avalon Mini 3, a smart heating device for home use, combines heating functionality with Bitcoin mining, offering a hashrate of 37.5 TH/s at 800 watts. Meanwhile, the Avalon Nano 3S is a portable mining solution with enhanced computational power of 6 TH/s. These innovations aim to democratize access to crypto-mining technologies.
Additionally, Canaan has expanded its partnership with Luna Square, increasing their joint mining capacity in Texas from 30 MW to 36 MW. The company plans to further boost its North American presence by raising its hashrate in the region to 10 EH/s, supported by the installation of 1,704 Avalon A14 miners. With a competitive electricity cost of 4 cents per kWh, Canaan continues to focus on energy efficiency and cost-effective operations. This report was originally published by IT BOLTWISE® x Artificial Intelligence. For more details, visit their website at https://www.it-boltwise.de/canaan-erweitert-bitcoin-mining-kapazitaeten-und-stellt-neue-produkte-vor.html.
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