Marathon Signs New Agreements to Meet its Hash Rate Goal for 2023

Marathon Digital Holdings, a bitcoin miner, has negotiated a deal that will supply electricity to produce 23.3 exahashes per second (EH/s) for the Bitcoin network. In a statement on July 18, Marathon said that data center operator Applied Blockchain would contribute 254 megawatts of electricity with the potential to add 70 megawatts from additional suppliers, including Compute North. Marathon anticipates that this hosting agreement will enable them to meet its target of 23.3 EH/s by 2023. The amount of hash power a miner gives to securing the Bitcoin network is measured in exahashes per second (EH/s). $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 — Marathon Digital Holdings (@MarathonDH) July 18, 2022 Marathon’s Texas Facility Marathon’s Texas facility will receive 90 megawatts from Applied Blockchain, and a facility in North Dakota would receive 110 to 180 megawatts. They will each generate roughly 9.2 EH/s in total. At its site in Granbury, Texas, Compute North has the authorization from the relevant authorities to provide Marathon with 42 megawatts of hosting capacity. By the end of 2022, 26,000 mining units will be housed there, producing 3.6 EH/s, according to Marathon. Marathon added that several undisclosed suppliers would contribute up to 12 megawatt...