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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on December 20, 2023, 11:30:00 AM

Title: Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M
Post by: sirty143 on December 20, 2023, 11:30:00 AM
Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M

(https://i.imgur.com/bLGEFAQm.jpg)

On Tuesday, Marathon Digital Holdings, a leading bitcoin mining company listed on public markets, revealed its acquisition of two fully operational bitcoin mining facilities representing a combined capacity of 390 megawatts... See more for yourself here (https://news.bitcoin.com/gofrom/recent_posts/bitcoin-miner-marathon-acquires-2-high-capacity-mining-facilities-for-178-6m/).

Your opinion is greatly appreciated.
Title: Re: Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M
Post by: Tribalchief on December 22, 2023, 09:09:50 PM
As the Bitcoin halving approaches, everyone in the industry is currently on their toes, trying to put things in order and accumulate as much as they can. If Marathon could expand its working sites, then I guess others are trying as much to make an increase in progress internally. With these large facilities, power consumption should be a major concern for the mining company.
Title: Re: Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M
Post by: yhiaali3 on December 23, 2023, 05:29:48 AM
The acquisition of small companies by large mining companies will be better for the mining industry. Small companies are suffering from high energy costs, and large companies have the appropriate capabilities and means to reduce high energy costs.
Title: Re: Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M
Post by: Condorlaib on December 23, 2023, 06:25:31 AM
Quote from: yhiaali3 on December 23, 2023, 05:29:48 AM
The acquisition of small companies by large mining companies will be better for the mining industry. Small companies are suffering from high energy costs, and large companies have the appropriate capabilities and means to reduce high energy costs.
This is a rule of thumb that has always been in effect and will continue to be so. Large companies always receive smaller ones. I think that this does not affect the crypto industry in any way.