Abu Dhabi Opens Gate For Bitcoin Mining
Marathon Digital Holdings confirmed in a recent press release that the company, along with Abu Dhabi-based Zero Two, an emerging blockchain and digital assets infrastructure development company, will launch two digital asset mining sites with a combined capacity of 250 Megawatts by the end of 2023 in Abu Dhabi’s sustainability hub Masdar City and the port zone of Mina Zayed.
The joint entity registered in ADGM will aim to accelerate the global digital economy while supporting Abu Dhabi’s power infrastructure, JV with the Middle East’s first large-scale immersion Bitcoin mining activities. Marathon and Zero Two propose to use extra energy in Abu Dhabi to power the sites, enhancing the base load and sustainability of the Abu Dhabi grid. Marathon and Zero Two will compensate for any non-sustainable electricity production with clean energy credits.
Marathon and Zero Two created a custom-built immersion solution to cool the ASIC miners and proprietary software to optimise their performance in order to overcome desert climate environmental problems.
(With inputs from Shikha Singh)
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