Bitcoin miner Marathon Digital Holdings is preparing for the halving. 

In a Tuesday statement, the publicly traded company announced the acquisition of two Bitcoin mining sites for $178.6 million. The datacenter sites are based in Texas and Nebraska. 

The move will add 390 megawatts of capacity, the company said, and it is expected it will reduce the cost per coin mined by around 30%.

The Bitcoin halving is an event which occurs roughly every four years. The event is baked into the Bitcoin protocol and ensures that miners—those who keep the network secure and process transactions—have their rewards cut in half. Instead of 6.25 BTC for each block they process, miners will be rewarded with 3.125 BTC. 

The halving of rewards is meant to keep Bitcoin inflation in check. There will only ever been 21 million Bitcoin minted, but the halving makes it so the available supply entering the market is slowed down periodically.

“We have spent the past year strengthening our balance sheet by incr

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Author: Mathew Di Salvo

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