Marathon Digital Holdings Announces Energization of Its First Bitcoin Mining Pilot Project Powered by Renewable, Off-Grid Energy from a Landfill
02 Novembro 2023 - 10:00AM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon"
or "Company"), a leader in supporting and securing the
Bitcoin ecosystem, has entered into an agreement with Nodal Power,
a company that develops and operates renewable energy assets,
specifically in the biogas space, to launch a 280 kW Bitcoin mining
pilot project in Utah that is exclusively powered by landfill
methane gas. The pilot project is currently fully energized and
operational.
According to the United Nations Environment
Programme (UNEP), methane is “80 times more harmful than CO2 for 20
years after it is released.” According to the Environmental
Protection Agency (EPA), municipal solid waste emissions, which
accounted for approximately 14.3% of all methane emissions in the
United States in 2021, “represent a lost opportunity to capture and
use a significant energy resource.”
Marathon’s pilot project is part of a broader
initiative being conducted by the Company to validate its ability
to capture methane emitted from landfills, convert it into
electricity, and then use that electricity to power Bitcoin miners.
By doing so, Marathon may be able to help reduce greenhouse gas
emissions while utilizing a completely renewable and off-grid
energy source to power its Bitcoin miners.
“At Marathon, we are constantly seeking
innovative ways to diversify our operations, lower our energy
costs, and leverage the unique aspects of Bitcoin mining to better
the environments in which we operate,” said Fred Thiel, Marathon’s
chairman and CEO. “By capturing the methane emitted from landfills
and converting it into electricity to power our Bitcoin miners, we
may have an opportunity to accomplish all of those goals
simultaneously. The methane naturally produced from landfills,
biowaste, and elsewhere is often stranded, and Bitcoin miners like
Marathon are uniquely positioned to help convert this harmful gas
into a productive source of clean, renewable energy. Should the
results of the pilot project meet our expectations, we look forward
to expanding our footprint in this area and helping landfill
operators and others meet their environmental targets.”
To learn more about how Bitcoin mining can offer
an economical solution to mitigating methane emissions from
landfills, explore Marathon’s detailed report Cashing in on Trash,
published on October 12, 2023.
Investor Notice Investing in
our securities involves a high degree of risk. Before making an
investment decision, you should carefully consider the risks,
uncertainties and forward-looking statements described under "Risk
Factors" in Item 1A of our most recent Annual Report on Form 10-K
for the fiscal year ended December 31, 2022, filed with the SEC on
March 16, 2023. If any of these risks were to occur, our business,
financial condition or results of operations would likely suffer.
In that event, the value of our securities could decline, and you
could lose part or all of your investment. The risks and
uncertainties we describe are not the only ones facing us.
Additional risks not presently known to us or that we currently
deem immaterial may also impair our business operations. In
addition, our past financial performance may not be a reliable
indicator of future performance, and historical trends should not
be used to anticipate results in the future. Future changes in the
network-wide mining difficulty rate or Bitcoin hash rate may also
materially affect the future performance of Marathon's production
of bitcoin. Additionally, all discussions of financial metrics
assume mining difficulty rates as of November 2023. See
"Forward-Looking Statements" below.
Forward-Looking Statements
Statements made in this press release include forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934. Forward-looking statements can be identified by the use of
words such as “may,” “will,” “plan,” “should,” “expect,”
“anticipate,” “estimate,” “continue,” or comparable terminology.
Such forward-looking statements are inherently subject to certain
risks, trends and uncertainties, many of which the Company cannot
predict with accuracy and some of which the Company might not even
anticipate and involve factors that may cause actual results to
differ materially from those projected or suggested. Readers are
cautioned not to place undue reliance on these forward-looking
statements and are advised to consider the factors listed above
together with the additional factors under the heading “Risk
Factors” in the Company's Annual Reports on Form 10-K, as may be
supplemented or amended by the Company's Quarterly Reports on Form
10-Q. The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent
events, new information or otherwise.
About Marathon Digital Holdings
Marathon is a digital asset technology company that focuses on
supporting and securing the Bitcoin ecosystem. The Company is
currently in the process of becoming one of the largest and most
sustainably powered Bitcoin mining operations in North America.
For more information, visit www.mara.com, or
follow us on:
Twitter: @MarathonDHLinkedIn:
www.linkedin.com/company/marathon-digital-holdingsFacebook:
www.facebook.com/MarathonDigitalHoldings Instagram:
@marathondigitalholdings
Marathon Digital
Holdings Company Contact:
Telephone: 800-804-1690Email: ir@mara.com
Marathon Digital Holdings Media
Contact:Email: marathon@wachsman.com
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