Marathon to build a ‘green’ data center for Bitcoin mining

American mining company Marathon Digital Holdings announced plans to build a data center in Texas with a capacity of 300 MW. The new facility is planned to be 70% carbon-neutral.

$MARA #Bitcoin
CORRECTION — Marathon Digital Holdings Announces Binding Letter of Intent with Compute North to Host 300-Megawatts of Bitcoin Mining at New Data Centerhttps://t.co/fuERBsL9tk

— Marathon Digital Holdings (@MarathonDH) May 24, 2021

Compute North served as Marathon’s partner. As part of the agreement, the mining company obtained a short-term loan of up to $67 million for 18 months.  

“Now we have provided economical hosting for all 103 120 of our previously purchased Bitcoin miners”, — said Fred Thiel, the company’s CEO.

According to the press release, the company will host about 73,000 devices at the center. Electricity costs will be $0.0453 per kWh. Construction of the facility is slated to begin in October 2021.

“After we deploy the miners by the end of Q1 2022, our hashrate will be 10.37 EH/s”, — the statement said.

Marathon noted that it intends to be 100% carbon-neutral in the long term.

Shares in the company rose 10.82% over the last 24 hours.

Gи глава MicroStrategy Майкл Сэйлор отметил, что публичные компании по добыче биткоина «возглавят инициативы ESG» и установят стандарты качества для других майнеров по всему миру.

Marathon is acting decisively to expand its US-based mining capacity in a carbon neutral fashion. Publicly traded Bitcoin miners like $MARA are going to drive standards of excellence for other miners around the world & lead the way on ESG initiatives. https://t.co/jrnWnkxqjf

— Michael Saylor (@michael_saylor) May 24, 2021

Earlier, BIT Mining Limited announced the construction in Texas of cryptocurrency mining center with a capacity of 57.2 MW, of which 85% will be powered by clean and low-carbon energy.

In May 2021, the publicly traded Argo Blockchain acquired two “green” mining centers for Bitcoin mining in the Canadian province of Quebec.

As of June 1, the New York-based Greenidge Generation fully neutralises the carbon footprint from mining by purchasing CO2 offsets.

Subscribe to ForkLog news on VK!