The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North’s energy provider is waiting for federal regulators to approve its tax-exempt status, Marathon said. Compute North hosted about 20,000 of Marathon’s machines as of the end of June and is set to host 68,000 by the end of Q3. About 4,200 of these rigs were scheduled for activation on April 17, according to a previous press release.
Related posts
-
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees... -
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024ย
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate... -
Bitcoin price growth lagged crypto mining stocks following halving, data shows
Despite Bitcoinโs strong start in early 2024, crypto mining stocks outperformed BTC after the halving, with...