Marathon Digital Holdings is nearly set to switch on more miners in Texas and North Dakota. The firm has secured the hosting deals it needs to bring its total capacity to 23.3 EH/s by 2023.
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. “The first miners to be hosted under these new arrangements are scheduled to be installed in August, with installations ramping at other locations in the fourth quarter of this year and continuing into 2023.”in productivity in Q2. Hosting was expected to begin in June, but the firm did not obtain the necessary permissions.
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