Marathon Digital is closing in on the “Flux Capacitor” when it comes to sheer watts.
Marathon Digital Holdings announced on March 15 that it had entered into a definitive agreement with Applied Digital to purchase a 200-megawatt (MW) Bitcoin mining facility located in Texas for $87.3 million.
The agreement specifies that Marathon will pay the purchase price in cash from its holdings, making the transaction final once all price adjustments are settled.
Per a post on Marathon Digital’s blog, the acquisition will bring the company’s total Bitcoin (BTC) mining capacity to approximately 1.1 gigawatts of capacity — just shy of the 1.21 gigawatts of electricity needed to power the fictional “Flux Capacitor” from the “Back to The Future” film franchise.
