Today, Marathon CEO Fred Thiel released a statement giving a boost to the crypto market. He noted that once all Marathon -owned miners are deployed by the end of the first quarter of 2022, thus the hashrate will be 10.37% EH/s and operations will head towards carbon neutral by 70%. In the long run, Marathon has a vision to achieve 100% carbon neutral.
Marathon Digital Holdings, a US Bitcoin (BTC) mining company, has announced plans to achieve 70% carbon neutral for their crypto mining operations.
The company has the objective of reducing carbon by developing a new data center that can accommodate around 73,000 previously booked bitcoin miners. To achieve this goal, Marathon plans to begin construction in October 2021 in collaboration with other industry partners.
Under the terms of the agreement, Marathon will provide an 18 -month loan to Compute North worth up to $ 67 million.
Further Fed Thiel, Compute North is a long -term partner and is expanding working relationships through new agreements. The deal will pave the way for Marathon to become one of the largest and most environmentally friendly Bitcoin miners in North America.
The announcement of the Digital Marathon came just in time, given that since the end criticism on the issue of mining has been a major concern.