The Mining Pod | Bitcoin Mining News MARA’s Plans to Expand Internationally, Purchase Energy Assets w/ Adam Swick
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Mar 1, 2025 Adam Swick, Chief Strategy Officer of Mara Holdings, dives into the company's ambitious vision of expanding 50% of its operations internationally by 2028. He discusses exciting partnerships, like their Zero Two venture in the UAE, aimed at enhancing their energy assets. Swick highlights Mara's aggressive strategy to cut costs through energy ownership and explores their partnership with Auradine for advanced ASIC miners. The conversation wraps up with insights into the potential of AI in Bitcoin mining, marking a transformative era for the industry.
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Lowering Operating Costs
- Marathon's shift from hosted sites to owning 70% of its mining operations has lowered operating costs.
- Owning sites offers greater control over operations, like overclocking and selling power back to the grid.
Zero Cost Mining Goal
- Owning a wind farm allows Marathon to utilize older mining machines with cheap energy, extending their lifespan.
- This approach aims to reduce reliance on Bitcoin price and global hash rate.
Partnerships for Zero Cost Mining
- True zero-cost mining involves partnering with energy companies to solve their problems, like stranded energy or excess gas.
- Bitcoin mining becomes a tool to address energy inefficiencies, not just a customer.