Marathon Digital to acquire two Bitcoin mining sites from Generate Capital for $179m.

Marathon Digital, a digital asset technology company, agreed to acquire two Bitcoin mining sites from Generate Capital, an investment company, for $179m. “For the past year, Marathon has been vertically integrating as we transition into a more sophisticated and mature organization with a diversified portfolio of Bitcoin mining technologies and assets, and the acquisition of these sites is the next step in that evolution. By acquiring the sites in Granbury, Texas and Kearney, Nebraska from Generate, we have an opportunity to reduce our bitcoin production costs at these sites, to capitalize on energy hedging opportunities, and to expand our operational capacity," Fred Thiel, Marathon Chairman and CEO.