Marathon and Compute North expand miner deployment agreement to provide renewable energy to more than 100,000 miners – Bitcoin News

Marathon and Compute North expand miner deployment agreement to provide renewable energy to more than 100,000 miners – Bitcoin News


Marathon Digital Holdings, a NASDAQ-listed bitcoin mining company, announced that it has reached a new agreement with data center service provider Compute North to host more than 100,000 mining machines in its data center. This transaction is an extension of the previous transaction, which secured the positioning of 73,000 mining machines in Texas. Now, the new partnership ensures the hosting of all these machines, powered by renewable energy.

Marathon expands mining operations

Marathon is one of the largest Bitcoin mining companies in the United States. Announce It will expand the previous agreement with Compute North to host more than 100,000 miners in data centers across the country. The previous agreement provided hosting services for 73,000 miners in several data centers managed by Compute North, a level 0 data center service provider. The partnership also includes the installation, operation and deployment of Marathon’s existing and new mining facilities.

Through this cooperation, Marathon will position all its mining machines in the near purchase There were 30,000 miners from Bitmain in August, and these miners will start delivering from next month-afterwards the Marathon will install them to start producing Bitcoin for the company.

Focus on ecological mining

Perhaps the most important part of the agreement has to do with the source of electricity that powers the miners in these data centers. Electricity will mainly come from renewable energy sources, including solar and wind farms. This will allow Marathon to expand its hashing power through purchased miners with sustainability as its main goal. Mining deployment will be done “behind the meter” to avoid any problems in the different grid connections near these data centers.

Fred Thiel, CEO of Marathon, explained:

Our mining business will not only be the largest in North America, but also the most efficient and environmentally friendly. In addition, given that the main energy supplier is one of the largest wind and solar renewable energy generators in North America, we now have a clear path for continued expansion.

Marathon goes one step further Announce It intends to issue 500 million US dollars of convertible senior notes in November, with the purpose of buying more mining machines.

What do you think of the new agreement between Marathon and Compute North? Tell us in the comments section below.

Image Source: Shutterstock, Pixabay, Wikimedia Commons

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