The Nasdaq-listed Marathon Digital Holdings has expanded its agreement with infrastructure provider Compute North to house more than 100,000 Bitcoin mining devices.
Under previous agreements, the infrastructure firm was to install 73,000 of the company’s miners at Texas facilities.
Upon execution of the new agreement with Compute North, Marathon will deploy all previously purchased equipment.
As a result, Marathon’s total bitcoin miners will number 133,000 units, delivering a hash rate of about 13.3 EH/s. Marathon’s mining operations will be around 77% carbon-neutral.
Compute North continues the construction of new data centres with a focus on renewable energy. The first 280 MW facility in Texas is expected to come online in Q1 2022, with the remaining mining operations coming online by mid-year.
Deployment of Marathon’s miners at the company’s existing facilities continues.
Earlier in November, Marathon announced a $500 million debt financing facility to buy bitcoin and mining equipment.
In October, the firm agreed with Silvergate Bank on opening a revolving credit line of $100 million.
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