Compute North, Hosting Marathon Bitcoin Miners

A press release issued today by Marathon Digital Holdings, Inc. has indicated that the company will house roughly 73,000 of its bitcoin mining rigs at a new 300 megawatt Compute North data center being built in Texas.

The release also noted that Marathon’s hash rate is expected to reach 10.37 exahashes per second, its average mining costs will be $0.0453 per kilowatt hour and its operations will be approximately 70% carbon neutral.

“Under the terms of the agreement and based on specified requirements being met, Marathon will provide Compute North with an 18-month bridge loan of up to $67 million, in tranches, to construct the facility,” per the release. “The initial term of the contract is three years with increases capped at 3% per year thereafter.”

Source link

Related Posts

Add Comment