Odaily Planet Daily reports: MARA CEO Fred Thiel stated that electricity used for AI infrastructure can generate higher returns than Bitcoin mining, yielding greater revenue with the same power input. MARA still plans to continue mining in regions where low-cost or surplus energy remains economically attractive. Thiel noted that MARA began acquiring sites previously hosting its mined equipment in late 2023 to early 2024, and by the end of 2024, it owned infrastructure supporting approximately 70% of its operations. The company then shifted its focus toward energy assets. MARA has partnered with Starwood to build a platform, with an immediate target of approximately 1 gigawatt of computing capacity and plans exceeding 2.5 gigawatts. In July, MARA also agreed to acquire a site in Texas that can access approximately 2 gigawatts of power for digital infrastructure.
MARA CEO Says AI Electricity Revenue Outperforms Bitcoin Mining
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Summary
MARA CEO Fred Thiel told *Odaily* that AI and crypto news is reshaping energy use, with AI infrastructure generating more revenue per watt than Bitcoin mining. The company will focus on low-cost energy regions and has secured 70% of its operational infrastructure by late 2024. MARA now targets energy assets, including a 2.5-gigawatt platform with Starwood and a Texas site offering 2 gigawatts for digital infrastructure. Bitcoin news remains relevant as MARA diversifies into high-return energy projects.
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