Bitcoin Mining Giant Marathon Digital Expands Operations with $179 Million Acquisition

Marathon Digital Holdings, a publicly traded Bitcoin miner, has acquired two Bitcoin mining sites for $178.6 million in preparation for the upcoming Bitcoin halving. The move will add 390 megawatts of capacity and is expected to reduce the cost per coin mined by around 30%. The halving, which occurs roughly every four years, cuts miners' rewards in half to keep Bitcoin inflation in check. Marathon Digital is the second-largest holder of Bitcoin among public companies, with 13,396 BTC on its balance sheet. The halving is expected to take place in April, and investors are divided on its impact on the market.