Bitcoin Miner Marathon Eyes Profitability Boost Through Joint Venture with US...
The joint venture will see Marathon co-locate a bitcoin mining facility within Beowulf's Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana.
Related News
Nasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north. In a statement on Tuesday, Marathon said that it will co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana. The company will pay Beowulf – which builds and operate electric power plants – $0.028 per kilowatt-hour (kWh) for the supply of electricity at the facility. This is 38% below....
Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will bring the firm’s total hashrate to 2.56 exahash per second (EH/s) – one of the world’s top 15 bitcoin miners. ▪ In August, Marathon bought another 10,500 miners of the same make for $23....
China’s recent crackdowns on Bitcoin will boost profitability for US miners like MARA and RIOT, according to B. Riley analyst Lucas Pipes. China’s Bitcoin Ban To Benefit MARA And RIOT Pipes has raised price targets and estimates for both Marathon Digital (MARA) and Riot Blockchain (RIOT) amid the ongoing crackdowns in China. The analyst says: […]
Marathon Digital Holdings announced its April 2022 mining production updates noting over 9,000 BTC held in reserves and plans for a total mining fleet of 199,000.
Recent reports from the Bitcoin mining firm Marathon Digital Holdings have revealed the firm’s latest strategies in advance of the forthcoming Bitcoin Halving event which is expected to take place in April 2024. Latest Approach Prior To Bitcoin Halving According to the press report, Marathon is embracing an International joint venture model as its latest […]