Marathon Digital secures hosting capacity to support its bitcoin mining operations

Marathon Digital (NASDAQ:MARA) said Monday that it has secured hosting capacity of approximately 200 megawatts from Applied Blockchain (NASDAQ:APLD) for its previously purchased bitcoin (BTC-USD) miners. Shares of MARA are edging up 1.1% in after-hours trading, adding to the 21.4% jump on the day. Applied Blockchain (APLD) on July 12 had agreed to supply Marathon Digital (MARA) with 90 megawatts of hosting capacity at its facility in Texas and at least 110 megawatts at its other facility in North Dakota. Across those facilities, Marathon Digital (MARA) is expecting to have ~66K miners representing ~9.2 exahash per second ("EH/s").In addition, Applied Blockchain (APLD) has provided Marathon Digital (MARA) with the option to increase hosting capabilities utilizing up to an additional 70 megawatts in its North Dakota facility, which would boost the total amount of hosting across Applied Blockchain’s (APLD) facilities to 270 megawatts if that option is exercised.The installation of Marathon's (MARA) miners are anticipated to commence at those facilities during Q4, with all miners installed by mid-2023. Furthermore, Marathon (MARA) on July 5 expanded its hosting arrangements with digital infrastructure firm Compute North to include an additional 42 megawatts of hosting capacity at its facility near Granbury, Texas, according to the release. In turn, Marathon (MARA) is shooting for 14K more miners to be installed at Compute North's ...