Sunday, June 8, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy

November 4, 2023
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter


Fort Lauderdale, FL: Marathon Digital Holdings, Inc. (NASDAQ:MARA), known for its endeavors in bolstering the Bitcoin infrastructure, has announced a collaboration with renewable energy firm Nodal Power. The partnership aims to harness methane emissions from a Utah landfill to power a 280 kW Bitcoin mining pilot project. The project, now fully operational, underscores a sustainable model for cryptocurrency mining, mitigating the environmental impact associated with the significant energy demands of such operations.

Methane, according to the United Nations Environment Programme (UNEP), is a potent greenhouse gas, with an impact “80 times more harmful than CO2 for 20 years post emission.” With municipal solid waste contributing to around 14.3% of the total methane emissions in the U.S. in 2021, as per the Environmental Protection Agency (EPA), the initiative by Marathon addresses a critical environmental challenge.

Marathon’s project is a testament to the possibility of transforming harmful methane emissions from landfills into a renewable energy source for powering Bitcoin mining operations. This project forms part of a larger Marathon initiative aimed at validating the process of capturing, converting, and utilizing landfill methane emissions for electricity generation to fuel Bitcoin miners.

Fred Thiel, Marathon’s Chairman and CEO, highlighted the broader environmental and operational goals, stating, “By capturing methane emitted from landfills and converting it into electricity, we may be able to lower our energy costs, diversify our operations, and contribute positively to the environment.”

The global cryptocurrency mining sector is on a quest for sustainable energy solutions. For instance, Genesis Digital Assets Limited recently commenced operations at a hydroelectric-powered facility in Sweden, illustrating the growing trend towards eco-friendly mining practices. Additionally, Marathon itself inaugurated a 200-MW immersion-cooled plant in Abu Dhabi’s Masdar City in October.

The initiative by Marathon and Nodal Power not only aligns with the global sustainability goals but also sets a precedent for other cryptocurrency mining entities to explore environmentally friendly energy alternatives.

Despite achieving a mining milestone of 2,926 Bitcoin in Q2 2023, Marathon reported earnings that fell below expectations. The firm’s Q2 revenues soared to $132.8 million, marking a 228% surge compared to the previous year.

The pilot project by Marathon Digital Holdings exhibits a pioneering effort in marrying cryptocurrency mining with renewable energy solutions, reflecting a growing consciousness within the digital asset sector towards environmental sustainability.

Image source: Shutterstock



Source link

Tags: bitcoinBlockchainDigitalEnergyInitiatesLandfillMarathonMiningNewsPoweredRenewable
Previous Post

How to start a YouTube Automation Business in 10 Minutes

Next Post

This Artificial Intelligence-Focused Chip Redefines Efficiency: Doubling Down on Energy Savings by Unifying Processing and Memory

Related Posts

5 SLA metrics you should be monitoring
Blockchain

5 SLA metrics you should be monitoring

June 10, 2024
10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India
Blockchain

10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India

June 9, 2024
Arkham: US Government Seizes $300M from Alameda Research Accounts
Blockchain

Arkham: US Government Seizes $300M from Alameda Research Accounts

June 8, 2024
Fake Musk Live Streams Flood YouTube During SpaceX Launch
Blockchain

Fake Musk Live Streams Flood YouTube During SpaceX Launch

June 7, 2024
How to Track Crypto Transactions for Taxes?
Blockchain

How to Track Crypto Transactions for Taxes?

June 7, 2024
NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release
Blockchain

NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release

June 7, 2024
Next Post
This Artificial Intelligence-Focused Chip Redefines Efficiency: Doubling Down on Energy Savings by Unifying Processing and Memory

This Artificial Intelligence-Focused Chip Redefines Efficiency: Doubling Down on Energy Savings by Unifying Processing and Memory

Front End Weekly – Week 1

Front End Weekly - Week 1

Mark Zuckerberg undergoes surgery to replace ACL torn during martial arts training, shares update

Mark Zuckerberg undergoes surgery to replace ACL torn during martial arts training, shares update

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
Accenture creates a regulatory document authoring solution using AWS generative AI services

Accenture creates a regulatory document authoring solution using AWS generative AI services

February 6, 2024
Managing PDFs in Node.js with pdf-lib

Managing PDFs in Node.js with pdf-lib

November 16, 2023
Graph neural networks in TensorFlow – Google Research Blog

Graph neural networks in TensorFlow – Google Research Blog

February 6, 2024
13 Best Books, Courses and Communities for Learning React — SitePoint

13 Best Books, Courses and Communities for Learning React — SitePoint

February 4, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In