Marathon Digital Holdings completes acquisition of 200-megawatt Bitcoin mining data center in Garden City, Texas
Apr 04, 2024•over 1 year ago
Acquiring Company
Marathon Digital Holdings
Acquired Company
200-megawatt Bitcoin mining data center in Garden City Texas
TexasData MiningMiningBlockchainDescription
Marathon Digital Holdings, Inc. has successfully acquired a 200-megawatt Bitcoin mining data center in Garden City, Texas, signifying a substantial expansion of their operations and exemplifying their commitment to scaling their Bitcoin mining capabilities within the cryptocurrency mining industry.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed