United

Bitcoin

Carbon

Zero

<div class="cryptonews">
 <p class="is-style-lead">Marathon Digital, a Bitcoin (BTC) miner, has teamed up with renewable energy asset manager Nodal Power to test a 280 kW Bitcoin mining project in Utah, according to a joint statement released on Nov. 2.</p>
 <p>The project will use methane gas from landfill waste to generate electricity which will be channeled towards BTC mining.&nbsp;</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Today, we're announcing the energization our first #Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> <a rel="noopener noreferrer nofollow" title="pilot" href="https://thebittimes.com/tag/pilot.html">pilot</a> project powered by renewable, off-grid energy from a <a rel="noopener noreferrer nofollow" title="landfill" href="https://thebittimes.com/tag/landfill.html">landfill</a>. The project is currently fully energized and operational. Learn more: https://t.co/RnqtJOvOCa pic.twitter.com/U1UPEgwmRm</p>— Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) November 2, 2023
   </blockquote>
  </div>
 </figure>
 <p>This initiative aims to tackle greenhouse gas emissions by employing renewable energy sources for its mining processes.</p>
 <p>According to the Environmental Protection Agency (EPA), municipal waste was&nbsp;responsible&nbsp;for 14.3% of methane emissions in the United States in 2021. The EPA sees the potential of capturing and using this energy resource.</p>
 <p>The United Nations Environment Program (UNEP) states that <a rel="noopener noreferrer nofollow" title="methane" href="https://thebittimes.com/tag/methane.html">methane</a> is 80 times more potent than Carbon dioxide regarding greenhouse gas effects.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Fidelity executive calls Bitcoin “exponential gold”
 </div>
 <p>Marathon CEO Fred Thiel believes this strategy will decrease <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> costs and benefit the environment. He pointed out that the <a rel="noopener noreferrer nofollow" title="methane" href="https://thebittimes.com/tag/methane.html">methane</a> produced from <a rel="noopener noreferrer nofollow" title="landfill" href="https://thebittimes.com/tag/landfill.html">landfill</a>s and bio-waste is often wasted. As such, converting it into a renewable energy source is a step towards a greener future.</p>
 <p>Marathon Digital has already inaugurated a 200-megawatt immersion-cooled data center in Masdar City, Abu Dhabi, and has suggested that mining cryptocurrencies at landfill sites is not only feasible but also brings multiple benefits to miners, landfill owners, and the environment.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Major Marathon Milestone! This week, Zero Two and Marathon unveiled our 200 MW, immersion-cooled, #Bitcoin mining site in Masdar City. Together, we’re building the future of digital asset infrastructure in Abu Dhabi, block by block. pic.twitter.com/MN1GXhPqA0</p>— Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) October 27, 2023
   </blockquote>
  </div>
 </figure>
 <p>Although Marathon’s Q2 2023&nbsp;earnings&nbsp;fell below expectations, the company achieved a record by mining 2,926 Bitcoin and saw an increase in revenue of 228% from the previous year, reaching $132.8 million.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Exploring Bitcoin’s path to a renewable mining future
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/marathon-digital-harnesses-landfill-methane-for-bitcoin-mining-pilot-in-utah-tbt68923.html">https://thebittimes.com/marathon-digital-harnesses-landfill-methane-for-bitcoin-mining-pilot-in-utah-tbt68923.html</a></p>

Marathon Digital harnesses landfill methane for Bitcoin mining pilot in Utah

TheBitTimes

Other articles published on Nov 3, 2023

US Government Moves to Seize $54M in Crypto Linked to New Jersey Narcotics Ring

FTX’s claim pricing reaches 57% as AI investments soar!

According to QCP Capital’s Latest Report, the Factor Driving Bitcoin Price is Not ETFs!

How Meme Coins Are Changing Way People Think About Crypto?

Sam Bankman-Fried Plans to Appeal his Guilty Verdict in Court

A Look at Sam Bankman-Fried’s Possible Life Sentence Through the Lens of Federal Guidelines

Join our free newsletter for daily crypto updates!