ICYMI: Marathon to move its Bitcoin miners from Montana to new locations with ‘more sustainable’ power sources
Marathon to move its Bitcoin miners from Montana to new locations with 'more sustainable' power sourcesMarathon 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.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.
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 report
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marathon Digital moves Montana BTC mine to pursue carbon neutralityMarathon Digital is one of the largest Bitcoin miners in North America and is moving its coal powered Montana facility to a location with renewables. Political pressure on the mining industry is seeing many miners make similar moves.
Read more »
Why is a Guatemalan Mayor mining Bitcoin? Tackling FUD with biogas and BTCFood for FUDs. Check how Bitcoin made it possible for an impoverished community to launch their economy, clean the air, and get along well with politicians.
Read more »
Northern Data's Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets – Mining Bitcoin NewsBitcoin miner Northern Data's fleet has grown by 21,000 newly added ASIC bitcoin miners, according to the firm's financial statements.
Read more »
IPCC’s starkest message yet: extreme steps needed to avert climate disasterRadical emissions cuts combined with some atmospheric carbon removal are the only hope to limit global warming to 1.5 °C, scientists warn.
Read more »
Bitcoin Miner Marathon on Track to Meet Its Hashrate Guidance, Despite Delay.MarathonDH is on track to meet its hashrate guidance of 23.3 exahash per second by early 2023, despite a 45-day delay in deploying its mining rigs during the first quarter. Aoyon_A reports
Read more »
Nature-Based Solutions Can Tap The Earth's Carbon-Sequestering PowersThis article explains how nature-based solutions can complement tech applications to reduce carbon emissions.
Read more »