Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle


The agency has 29,640 bitcoin mining rigs ready energization in in West Texas, it mentioned within the replace. That is largely as a result of internet hosting agency Compute North’s power supplier is ready for federal regulators to approve its tax-exempt standing, Marathon mentioned. Compute North hosted about 20,000 of Marathon’s machines as of the tip of June and is ready to host 68,000 by the tip of Q3. About 4,200 of those rigs have been scheduled for activation on April 17, based on a previous press release.

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