Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Crypto Mining

Marathon Digital Holdings says the move is part of its larger goal to be 100% carbon neutral by the end of 2022.

Marathon Digital Holdings is planning to move its Bitcoin miners out of a coal-powered facility in Montana and into a number of new undisclosed locations.

The company said on Tuesday that the move comes in an effort to meet its previously announced goal of becoming 100% carbon neutral by the end of 2022 and that the new locations will have “more sustainable sources of power.”

The transition should take place during the third quarter of 2022, according to the announcement.

Marathon had also previously announced a plan to deploy 199,000 bitcoin miners by early 2023, with the goal of reaching 23.3 exahash per second (EH/s). The company said that 100,000 miners would be deployed to several sites in Texas, mostly powered by wind and solar farms, in a partnership with Compute North.

Marathon’s new mining sites will source energy behind-the-meter, in an effort to avoid congesting transmission lines, the company said.

“With the majority of our fleet already scheduled to be deployed at renewable power facilities and deployments currently underway, we believe it is an appropriate time to transition our legacy operations away from fossil fuel generation and towards more sustainable sources of power,” said chairman and CEO of Marathon Fred Thiel.

Many other firms have touted their efforts to transition to greener power sources, as pressure has mounted from critics of the energy-intensive nature of bitcoin mining. Just this Monday, a new Intergovernmental Panel on Climate Change (IPCC) report cited crypto as a source of carbon emissions.



Worldwide music and entertainment giant Warner Music Group (WMG) has joined forces with OpenSea to introduce dedicated landing pages for their artists. The WMG roster will...


Though the recent months haven’t been very good for the crypto industry, this could not deter some crypto investors from being bullish about this...


The down-trending market that took its resistance from $1.35134 on the 10th of September did not go too far before it begins to face...

Crypto News

Robinhood, a leading investment app, has rolled out its newest product — a crypto wallet that charges zero transaction fees to its users. For...