Marathon Digital to Move Bitcoin Mining Facility to Carbon Neutral Power Sources

Bitcoin miner Marathon Digital Holdings plans to to relocate its coal-fired Hardin mining facility in the US state of Montana to a more sustainable location. This is part of its efforts to reduce its carbon footprint by using non-carbon-emitting energy sources for its operations.

Marathon Digital targets sustainable energy sources

According to CEO Fred Thiel, the company is committed to ensuring that it employs sustainable mining practices whenever possible.

“With the majority of our fleet already slated for deployment in renewable energy facilities and ongoing deployments, we believe the time is right to transition our legacy operations from fossil fuel generation to energy sources. more sustainable,” he said.

Beowulf hosts the Hardin mining facility and owns the coal-fired power stations that power them. According to Marathon, it plans to switch to a carbon-neutral power source by the third quarter of this year.

Although the company did not provide information on where it plans to relocate or what type of energy it will adopt, Thiel said its mining strategy is to deploy rigs nearby. sustainable energy producers, so they don’t have to be on the grid. .

The company previously said it would deploy 199,000 Bitcoin miners in 2023 as part of its goal to reach 23.3 exahash per second (EH/s).

He also said he intends to deploy 100,000 miners in Texas who will be powered primarily by solar and wind farms. Marathon has also committed to having all of its operations carbon neutral by the end of 2022.

Green energy at the forefront for Bitcoin mining

The transition decision comes at a time when Bitcoin miners are opting for sustainable energy practices. This is a direct result of the scrutiny by governments and environmental organizations of the impact of mining practices on the environment.

Stakeholders in Europe have also urged governments in the region to ban blockchains relying on the proof-of-work consensus mechanism. However, the European Union voted against than within its crypto regulatory framework.

On Monday, the Intergovernmental Panel on Climate Change (IPCC) report included crypto mining as a source of carbon emissions.

Before that, Greenpeace spear a “change the code, not the climate” campaign, which aimed to reduce Bitcoin’s energy impacts by switching to a more energy-efficient consensus model.

Although many have critical this campaign, Bitcoin advocates still recognize the need for greater energy efficiency. This is why more and more miners are working towards a sustainable environmental practice.

However, some crypto advocates have opined that there has been too much focus on crypto energy consumption while Bitcoin’s CO2 emissions are lower than those of the global banking system and gold industry.

Posted in: Bitcoin, Mining

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