Bitcoin Mining firm Marathon Patent Group has agreed a deal with US power producer Beowulf Energy to attain cheap energy for its Bitcoin mining operations.
It’s yet more bullish news for the US as it sees more Bitcoin hashrate trickle its way.
According to an announcement, the Nasdaq-listed mining firm has agreed a joint venture with Beowulf, and the deal will see Marathon build a Bitcoin mining facility and data hub close to Beowulf’s Hardin Generating Station.
The new site will be on 20 acres of land adjacent to the Generating Station, a 105-megawatt power station in Hardin, Montana.
Marathon will install 11,500 S19 Pro Antminers at the mining complex, which is expected to have the capacity to generate 1.265 EH/s Bitcoin mining power.
The Bitcoin mining farm is expected to be fully operational by Q2 2021, and with 500 mining rigs already at the farm, Beouwulf says it intends to grow its hashrate to 3.32 EH/s in the future. Read More