2 years ago
Marathon Digital Holdings (MARA) plans to relocate its mining machines distant from a tract successful Hardin, Montana that is powered by coal, the institution said successful a press release connected Tuesday.
Crypto miners person been facing increasing scrutiny for their c footprint successful the past twelvemonth oregon so, and immoderate person taken coagulated steps to determination towards renewable energy. Marathon has pledged that its operations volition beryllium 100% c neutral by the extremity of 2022.
The Hardin bitcoin excavation is hosted by Beowulf, according to a Marathon capitalist presumption successful March. Beowulf besides owns the ember powerfulness works adjacent that powers the mine. The excavation has abstraction for 30,000 Bitmain Antminer S19 mining rigs, which unneurotic could make arsenic overmuch arsenic 3.3 Exahash/second of computing power.
The modulation is acceptable to instrumentality spot successful the 3rd 4th of this twelvemonth successful a staggered manner to debar downtime, Marathon said.
The mining steadfast didn't specify wherever the machines volition beryllium moved to oregon what "more sustainable sources of power" it volition use. CEO Fred Thiel said their existent strategy is to deploy mining rigs "behind the meter" astatine sustainable powerfulness stations, meaning the facilities are adjacent to an vigor shaper and tin gully powerfulness without going done the grid.
Marathon shares were down astir 8% successful greeting trading connected Tuesday, portion the terms of bitcoin was down somewhat implicit the past 24 hours.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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