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Marathon Digital Expands Compute North Hosting Deal to Over 100K Bitcoin Miners
The agreement will help Marathon’s operations become 77% carbon neutral.
By Aoyon Ashraf
Updated May 11, 2023, 7:05 p.m. Published Dec 1, 2021, 3:05 p.m.
Compute North and Marathon Digital extended their hosting agreement to more than 100,000 bitcoin mining machines across the U.S., according to a statement issued on Wednesday. The units will be powered mostly by wind and solar energy.
- The agreement is an expansion of the companies’ previous hosting deal of 73,000 miners in May.
- The pact will make Marathon’s mining operations “not only be among the largest in North America, but also among the most efficient and most environmentally friendly,” said Marathon’s CEO Fred Thiel.
- The deal will make Marathon’s mining operations about 77% carbon neutral.
- Some of the miners are being deployed at existing data centers while the rest will be online by mid-2022 as Compute North completes construction of its facilities.
- On Nov. 2, Marathon said once it receives all outstanding purchase orders, it expects to have approximately 133,000 operational miners generating about 13.3 exahash per second. Its “blended” cost of electricity and hosting will be about $0.042 per kilowatt hour.
- Marathon Digital shares climbed 6.5% in early trading on Wednesday.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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