ICYMI: Marathon to move its Bitcoin miners from Montana to new locations with ‘more sustainable’ power sources
Marathon to move its Bitcoin miners from Montana to new locations with 'more sustainable' power sourcesMarathon Digital Holdings is planning to move its Bitcoin miners out of a coal-powered facility in Montana and into a number of new undisclosed locations.that the move comes in an effort to meet its previously announced goal of becoming 100% carbon neutral by the end of 2022 and that the new locations will have “more sustainable sources of power.
Marathon's new mining sites will source energy behind-the-meter, in an effort to avoid congesting transmission lines, the company said. "With the majority of our fleet already scheduled to be deployed at renewable power facilities and deployments currently underway, we believe it is an appropriate time to transition our legacy operations away from fossil fuel generation and towards more sustainable sources of power," said chairman and CEO of Marathon Fred Thiel.
Many other firms have touted their efforts to transition to greener power sources, as pressure has mounted from critics of the energy-intensive nature of bitcoin mining. Just this Monday, a new Intergovernmental Panel on Climate Change report
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