Marathon mined a company-record of 1,853 bitcoins in December and 12,852 bitcoins in 2023.
The company also increased its average operational hash rate 18% month-over-month to 22.4 EH/s.
It attributes its production growth directly to higher transaction fees on the Bitcoin network.
In a bitcoin production and mining operation update published yesterday, Marathon Digital Holdings announced that it produced a company-record 1,853 bitcoins ($81.2 million at current prices) last month.
https://www.theblock.co/post/270548/marathon-bitcoin-production-december-2023
Topic: Marathon and Abu Dhabi's sovereign wealth fund - Big Move (Read 170 times)
Thank you for sharing this information with us.
It's always interesting to see places using their excess electricity to power BTC mining.
Especially given the current context, US laws and the rising price of kw/h in many places, we need more mining-friendly places to emerge.
I imagine that if things get too complicated in the US, the hashrate will mostly redirect to Russia or Kazakhstan. I'm curious to see what other places I don't imagine now will host this hashrate.
In the case of Abu Dhabi, I think I see that they have already ordered their ASICs, so it's not about hosting potential US ASICs. So I'm now waiting to see what real hashrate is going to come out of this infrastructure and to see what is the future there for the Bitcoin miners.
Quote
The new project will first develop two mining sites with a combined capacity of 250 megawatts (MW) of mining power, according to a press release. The sites will be powered by excess energy in Abu Dhabi, increasing the base load and sustainability of that Middle Eastern capital's power grid, the statement continued. The necessary mining equipment and infrastructure for each site has already been ordered and construction is currently underway.
It's always interesting to see places using their excess electricity to power BTC mining.
Especially given the current context, US laws and the rising price of kw/h in many places, we need more mining-friendly places to emerge.
I imagine that if things get too complicated in the US, the hashrate will mostly redirect to Russia or Kazakhstan. I'm curious to see what other places I don't imagine now will host this hashrate.
In the case of Abu Dhabi, I think I see that they have already ordered their ASICs, so it's not about hosting potential US ASICs. So I'm now waiting to see what real hashrate is going to come out of this infrastructure and to see what is the future there for the Bitcoin miners.
Hi All, I think its a very long time since I've been on the mining board, anyway I thought
I would share this exciting news...
https://www.coindesk.com/business/2023/05/09/marathon-digital-in-jv-for-immersion-cooling-bitcoin-mining-in-abu-dhabi/
The exciting aspect to this IMO is the fact that Abu Dhabi's sovereign wealth fund
will be involved.
They obviously see the hugh potential which as they say in the article is opening up as the U.S
want to introduce taxes on mining.
Would be interesting to hear what the mining gang here think of this.
I would share this exciting news...
https://www.coindesk.com/business/2023/05/09/marathon-digital-in-jv-for-immersion-cooling-bitcoin-mining-in-abu-dhabi/
Quote
Marathon Teams Up With Abu Dhabi's Zero Two for Middle East's First Large-Scale
Liquid Cooled Bitcoin Mining
Liquid Cooled Bitcoin Mining
The exciting aspect to this IMO is the fact that Abu Dhabi's sovereign wealth fund
will be involved.
They obviously see the hugh potential which as they say in the article is opening up as the U.S
want to introduce taxes on mining.
Would be interesting to hear what the mining gang here think of this.
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