Marathon Digital will use landfill methane to mine Bitcoin in Utah pilot project

Marathon Digital has begun mining Bitcoin (BTC) using power generated from methane gas siphoned off a landfill. The 280-kW off-grid pilot project is operating in Utah.

Marathon teamed up with Nodal Power on the project. Nodal Power was launched in November 2022 and produces energy from landfill gas in the southeastern United States and Texas. It raised $13 million in a seed round in August to operate two sites, one of which includes a data center.

How To Get Free Crypto  

A Nodal Power datacenter. Source: PRNewswire

Marathon said in a statement that the 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.” Marathon CEO Fred Thiel said:

“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.”

Bitcoin miners are actively seeking new green generating solutions. Genesis Digital Assets Limited, for example, set up an 8-MW facility in Sweden in August that uses hydropower.

Related: Bitcoin miners seek alternative energy sources to cut costs

Marathon cut the ribbon on a 200-MW immersion-cooled facility in Abu Dhabi’s sustainable Masdar City in late October. It released a report that month that found crypto mining at landfills is practical and has a number of advantages for miners and landfill owners, as well as the environment. According to the United Nations, methane is far more damaging to the environment than carbon dioxide.

Marathon reported second-quarter earnings this year fell short of expectations, despite the fact that it mined a record 2,926 Bitcoin in the quarter. Its Q2 revenue increased 228% year-on-year to $132.8 million.

Coinbase Banner  

Magazine: Bitcoin is on a collision course with ‘Net Zero’ promises

Go to Source
Author: Derek Andersen

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

You May Also Like

More From Author

This site uses Akismet to reduce spam. Learn how your comment data is processed.