Marathon Digital Holdings Announces Energization Of Its First Bitcoin Mining Pilot Project Powered By Renewable, Off-Grid Energy From A Landfill
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings (NASDAQ:MARA) has launched a Bitcoin mining pilot project in Utah, powered by landfill methane gas. The project is part of a broader initiative to capture methane from landfills, convert it into electricity, and use it to power Bitcoin miners. This could help reduce greenhouse gas emissions while utilizing a renewable and off-grid energy source. If successful, the company plans to expand its footprint in this area.
November 02, 2023 | 1:18 pm
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Marathon Digital's new initiative to power Bitcoin mining with landfill methane gas could potentially reduce costs and improve environmental impact, which may attract environmentally conscious investors.
The news is directly about Marathon Digital's new initiative. If successful, this could reduce their operational costs and improve their environmental footprint, which could make the company more attractive to investors, potentially driving up the stock price.
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