Marathon Digital will build two mining farms in Abu Dhabi – Bits Media

Marathon Digital Holdings mining company has entered into a partnership with Zero Two, engaged in the development of digital assets infrastructure, To create two mining farms in Abu Dhabi.

According to Marathon Digital, Two production facilities will be originally created bitcoin, total power 250 MW. Larger area with power 200 MW will be in Masdar City, Eco-Gorod with zero carbon emission, developed in Abu Dhabi.

Another object with power 50 MW will be located in the port zone Mina Zaid. Both mining farms will use the excess energy of the Abu Dhabi power grid, What will increase its stability, Approves Marathon Digital. Expected, that to 2024 year the total hashrate of both objects will be 7 Exaches per second (EH/s).

Shared participation in the so -called Abu Dhabi Global Markets JV Entity (ADGM Entity) will be 80% for Zero Two and 20% For Marathon Digital. Bitcoin and other digital assets, Gose by the organization ADGM, will be distributed between Zero Two and Marathon twice a month, In accordance with the share of companies.

Chairman and General Director of Marathon Digital Fred Til (Fred Thiel) noted, that the extraction of cryptocurrencies using air cooling in the hot climate of Abu Dhabi was almost impracticable. Therefore, Marathon and Zero Two have developed a special solution with the liquid cooling of the ASIC-mainers and introduced their own software to improve their performance.

Note, that Marathon Digital has recently set a Bitcoin mining record, increasing the production of coins by 41% Compared to the previous quarter, to 2 195 BTC. For the entire last year, the company managed to get 4 144 BTC.