Marathon Acquires Texas Facility with 2GW Computing Power in July, CEO Cites Higher AI Infrastructure Returns

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According to Marathon Digital CEO Fred Thiel, the company agreed to acquire a Texas facility in July that can support approximately 2GW of computing power for digital infrastructure. Thiel stated that electricity allocated to AI infrastructure generates higher returns than Bitcoin mining at equivalent power levels. Marathon plans to continue mining operations in regions with low-cost or surplus energy where economics remain attractive.
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