Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With...

Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With...

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....


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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.