Marathon Digital signs a final purchase agreement for $87.3 million to acquire Applied Digital's Bitcoin mining data center.

ChainCatcher news, according to the official announcement, Nasdaq-listed mining company Marathon Digital has announced that it has signed a final purchase agreement to acquire Applied Digital's Bitcoin mining data center for $87.3 million. Marathon Digital will subsequently pay the purchase price in cash from its balance sheet.

It is reported that by acquiring this data center, Marathon will directly own its current on-site operations and will additionally gain 100 megawatts of capacity for expansion, of which 32 megawatts are expected to be available at the closing of the transaction, while the remaining capacity will be available pending regulatory approval. Marathon expects to increase its power generation at this location by another 100 megawatts by 2024, to accommodate a total capacity of 200 megawatts dedicated to Marathon's Bitcoin mining operations.