{"id":78538,"date":"2023-05-10T12:50:25","date_gmt":"2023-05-10T09:50:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78538"},"modified":"2025-09-11T05:46:25","modified_gmt":"2025-09-11T02:46:25","slug":"marathon-digital-to-build-mining-farms-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/marathon-digital-to-build-mining-farms-in-abu-dhabi\/","title":{"rendered":"Marathon Digital to Build Mining Farms in Abu Dhabi"},"content":{"rendered":"<p>Marathon Digital <a href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/05\/09\/2664929\/0\/en\/Marathon-Digital-Holdings-and-Zero-Two-To-Develop-and-Operate-the-First-Large-Scale-Immersion-Bitcoin-Mining-Facilities-in-Abu-Dhabi.html\">\u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430<\/a> \u043e \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u0441\u0442\u0432\u0435 \u0441 \u0444\u0438\u0440\u043c\u043e\u0439 Zero Two \u0434\u043b\u044f \u0441\u043e\u0437\u0434\u0430\u043d\u0438\u044f \u043a\u0440\u0443\u043f\u043d\u043e\u043c\u0430\u0441\u0448\u0442\u0430\u0431\u043d\u043e\u0439 \u043c\u0430\u0439\u043d\u0438\u043d\u0433\u043e\u0432\u043e\u0439 \u043f\u043b\u043e\u0449\u0430\u0434\u043a\u0438 \u0432 \u0410\u0431\u0443-\u0414\u0430\u0431\u0438.\u00a0<\/p>\n<p>According to the statement, the new joint venture Abu Dhabi Global Markets (ADGM) will begin construction of two facilities for housing equipment with a total capacity of 250 MW.<\/p>\n<p>The larger site, 200 MW, will be located in the we eco-district Masdar City, while the remaining 50 MW units will be placed in the emirate&#8217;s Mina Zayed port zone.<\/p>\n<p>The stake in ADGM is allocated 80% to Zero Two and 20% to Marathon. It is expected that in 2023 total investment in the project will reach $406 million.<\/p>\n<p>The mined digital assets will be distributed twice a month in accordance with each company&#8217;s share.<\/p>\n<p>Earlier Marathon and Zero Two launched a pilot programme to test mining efficiency in Abu Dhabi, where &#8220;the desert climate made cryptocurrency mining with air cooling potentially impossible&#8221;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTo overcome these environmental problems, we developed a specialized immersion cooling solution for ASIC miners and implemented proprietary software to optimize their performance,\u201d said Marathon representatives.<\/p>\n<\/blockquote>\n<p>Based on the companies&#8217; calculations, the new mining sites will be built by the end of 2023, and their total hash rate will reach 7 EH\/s.<\/p>\n<p>In 2022 Marathon reported a net loss of <a href=\"https:\/\/forklog.com\/en\/news\/marathon-digital-reports-a-686-7-million-loss-for-2022\">$686.7 million<\/a>, having mined 4144 BTC. In Q1 2023 the company <a href=\"https:\/\/forklog.com\/en\/news\/marathon-digital-mines-record-2195-btc-in-q1\">mined 2195 BTC<\/a> \u2014 41% higher than in the previous period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marathon Digital announced a partnership with Zero Two to create a large-scale mining site in Abu Dhabi.<\/p>\n","protected":false},"author":1,"featured_media":78539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1646,1137,1185],"class_list":["post-78538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-abu-dhabi","tag-cryptocurrency-mining","tag-marathon-digital-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78538"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78538\/revisions"}],"predecessor-version":[{"id":78540,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78538\/revisions\/78540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78539"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}