2 GW goal: Marathon Digital unveils expansion details

  • Maxim Hash
  • 27 December, 2024 04:41
2 GW goal: Marathon Digital unveils expansion details

Marathon Digital announced that by the end of next year, its total power capacity could exceed 2 GW. Currently, it stands at around 0.8 GW, indicating a roughly 150% expansion. Analysts estimate infrastructure upgrades and construction could cost over $600 mln, though management believes the investment will pay off through higher productivity.

A key focus is on in-house data centers, with plans for new generator facilities and renewable energy sources. Marathon Digital emphasizes the cost-saving benefits of green technology, which also strengthens the firm’s reputation among environmentally-conscious investors.

Experts note that the scale of these parallel developments requires close partnerships with multiple suppliers, including top equipment manufacturers from Asia and Europe. This upcoming large-scale push into the power sector may propel Marathon Digital into the top five companies combining crypto mining with electricity production.

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