Applied Blockchain extends Marathon contract by 70 megawatts as it breaks ground in North Dakota

Quick Take

  • Hosting provider Applied Blockchain extended its contract with bitcoin miner Marathon by executing the option for an additional 70 megawatts.
  • The company broke ground on its North Dakota facility.

Applied Blockchain will host an additional 70 megawatts worth of bitcoin miners for Marathon, extending the deal from the previously announced 200 megawatts.

The company also announced Monday the groundbreaking of its 180-megawatt facility in North Dakota. It expects to begin operating in the first half of 2023.

The company closed a five-year power deal with a local utility partner in September. Available transmission capacity and excess wind generation were key to the choice of location, the company said.

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