Bitcoin miner Marathon secures new 200-megawatt hosting deal

Quick Take

  • Marathon is getting at least an additional 200 megawatts in energy capacity for its bitcoin mining operations through a deal with hosting provider Applied Blockchain.
  • The company said that with the increased capacity it is set to reach its goal of 23.3 exahashes per second in 2023.

Bitcoin miner Marathon closed a deal with hosting provider Applied Blockchain that will secure the company at least 200 megawatts of energy capacity, with the option to increase it to 270 megawatts.

The company will deploy roughly 66,000 previously purchased miners, representing a hash rate of 9.2 exahash per second (EH/s), across two hosting facilities, according to an announcement Monday.

This is on top of an additional 42 megawatts of hosting capacity that Marathon had already secured with Compute North on July 5, as well as 12 megawatts from a number of other providers.

"We believe we have now secured enough hosting capacity to support our target of achieving approximately 23.3 exahashes per second of computing power for Bitcoin mining in 2023,” said Fred Thiel, Marathon’s chairman and CEO.

Applied Blockchain's facilities are still under construction. Miner installation will start during the fourth quarter of 2022 and wrap up around mid-year 2023.

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