According to an official announcement, Nasdaq-listed mining company Marathon Digital announced that it has signed a final purchase agreement to acquire the Applied Digital Bitcoin mining data center for US$87.3 million. Marathon Digital will subsequently pay the purchase price in cash from its balance sheet. It is reported that by acquiring the data center, Marathon will directly own its current on-site operations and will acquire an additional 100 MW of capacity for expansion, 32 MW of which is expected to be available at the closing of the transaction, and the remaining capacity will be available subject to Regulatory approval. Marathon expects to increase its generation capacity at the site by an additional 100 megawatts by 2024 to accommodate a total of 200 megawatts of capacity dedicated to Marathon’s Bitcoin mining operations.