MARA CEO: AI Infrastructure Revenue Per Unit of Electricity Far Exceeds Bitcoin Mining

TechFlow news, July 29, according to Bitcoin.com, MARA Holdings CEO Fred Thiel stated that the revenue generated from using electricity for AI infrastructure is far higher than Bitcoin mining, and the company is accelerating its transformation towards data center business. MARA has partnered with Starwood to deploy approximately 1 GW of near-term computing power, and completed an acquisition agreement for an approximately 2 GW power site in Texas in July. Meanwhile, mining companies in the industry such as TeraWulf, CleanSpark, and Hut 8 have also signed long-term AI leases; among them, Hut 8 has fully secured its 1 GW Beacon Point campus through two 15-year leases, with a total contract value reaching $19.6 billion. Thiel also emphasized that in low-cost or surplus energy regions, Bitcoin mining still holds economic value and will not be completely replaced.