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.

In total, Applied Blockchain now has 500 megawatts of contracted hosting.

This will be the company's second facility in that state, adding to a 100-megawatt site that opened earlier this year. It is also building a "next-generation datacenter" 200-megawatt site in Texas, which is currently ahead of schedule.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).

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