Marathon inks new arrangements to achieve 2023 hash rate target
Bitcoin miner Marathon Digital Holdings has secured a deal that it says provides electricity to generate enough power to contribute 23.3 exahashes per second (EH/s) to the Bitcoin network.
Marathon revealed in a July 18 announcement that data center operator Applied Blockchain would host 254 megawatts of power, with an option to add 70 megawatts from various other providers, including Compute North. Marathon expects this hosting deal will help it achieve its goal of 23.3 EH/s in computer power by 2023.
Exahashes per second (EH/s) refers to the amount of hash power a miner contributes to secure the Bitcoin network.
$MARA Secures hosting capacity to support all 23.3 EH/s of #Bitcoin mining - 200 MW (9.2 EH/s) w/ @APLDBlockchain - Additional 42 MW w/ @computenorthllc - 12 MW (0.8 EH/s) w/ other providers https://t.co/fXgmN4ppTL
Applied Blockchain will supply 90 megawatts to Marathon’s Texas facility and 110 to 180 megawatts to a North Dakota facility. Combined, they will contribute about 9.2 EH/s.
Compute North has obtained the regulatory approval required to supply 42 megawatts of hosting capacity to Marathon at its Granbury, Texas facility. That location will house 26,000 mining devices that will contribute about 3.6 EH/s by the end of 2022, according to Marathon.
Marathon also stated that various unnamed providers would provide up to 12 megawatts of hosting capacity worth about 0.8 EH/s, bringing the total new capacity to 324 megawatts.
Marathon CEO Fred Thiel stated in the announcement that the deals should provide adequate hosting capacity to help his company contribute 23.3 EH/s by 2023. He expects hosting to begin in August and continue into the following year.
Delays with Compute North’s regulatory compliance may have
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