Bitcoin

In a groundbreaking move, Amazon secured a nuclear-powered data center in Pennsylvania, previously eyed by <a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a> Digital, the world’s largest publicly traded Bitcoin miner. The deal, announced in March 2024, marks a significant shift in energy consumption priorities, as tech giants vie for energy assets traditionally sought by <a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/" rel="noopener noreferrer nofollow">Bitcoin miners</a>.
This acquisition highlights Amazon's focus on meeting the growing energy demands of its <a href="https://ultramining.com/news/en/crypto-miners-shift-gears-ai-is-the-new-gold-rush/" rel="noopener noreferrer nofollow">data centers</a>, essential for artificial intelligence (AI) and cloud computing. With tech companies like Amazon and Microsoft pushing for vast energy reserves, Bitcoin miners are facing tougher competition for power. As Marathon Digital continues to expand its mining operations, this loss represents a critical shift in how energy resources are allocated between traditional mining and the booming AI industry.
---

Amazon Secures Nuclear-Powered Data Center, Leaving Marathon Digital Behind

Ultramining_Eng

Other articles published on Sep 9, 2024

Top 7 Crypto Ideas and Primitives Picking Up Steam This Cycle

Nigeria’s SEC to start a crackdown on illegal crypto services

Spot Bitcoin ETFs See Largest Outflows Streak Since Launch

Ethereum’s Network Growth Surges: 126,210 New Wallets in 4 Months

Experts label Ethereum Spot ETF a flop as IntelMarkets leads with Route X21

CleanSpark and MARA stocks form rare pattern as BTC hits 54k

Join our free newsletter for daily crypto updates!