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

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


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

8 Best Free Bitcoin Cloud Mining Sites in 2024-Earn Passive Income!

EdaFace Admin

EdaFace In Accumulation: Crypto Expert Maps Out Bearish and Bullish Scenarios

EdaFace Admin

Top L2 Cryptocurrencies to Dominate 2024

EdaFace Admin

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More