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May 25, 2021According to The Block on May 24 (local time), Marathon Digital announced plans to build a new Bitcoin mining facility in partnership with Compute North.
The new facility will house 73,000 ASIC miners in Texas, and the company will promise about 70% carbon neutrality. Marathon estimates that the total hashrate will rise to 10.37 EH/s, achieving a cost of $0.0453 per kWh. Marathon shares have risen almost 5% since the news.
US-based Bitcoin mining has been on the rise in recent months. While most of the mining has historically occurred in China, new government crackdowns are witnessing hashrate leaving China.
(On May 24, Marathon Digital announced plans to build a new bitcoin mining facility in partnership with Compute North.)
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.
