MARA CEO: AI Power Revenue Surpasses Bitcoin Mining, Expands Capacity

MARA CEO states AI infrastructure yields higher returns than Bitcoin mining. Company retains low-cost mining while targeting 2.5 GW computing capacity via new partnerships.

Woofun AI reports that MARA CEO Fred Thiel stated electricity dedicated to AI infrastructure generates higher revenue than Bitcoin mining. The company intends to maintain mining operations in regions with economically attractive low-cost or surplus energy.

Thiel noted that MARA acquired sites previously hosting mining rigs between late 2023 and early 2024, owning infrastructure supporting approximately 70% of operations by year-end. The firm has partnered with Starwood to establish a platform targeting near-term computing capacity of approximately 1 GW, with plans exceeding 2.5 GW. In July, MARA agreed to acquire a Texas site accessing approximately 2 GW of power for digital infrastructure.