Share this article
Marathon Digital Expands Compute North Hosting Deal to Over 100K Bitcoin Miners
The agreement will help Marathon’s operations become 77% carbon neutral.
By Aoyon Ashraf
Updated May 11, 2023, 7:05 p.m. Published Dec 1, 2021, 3:05 p.m.
Compute North and Marathon Digital extended their hosting agreement to more than 100,000 bitcoin mining machines across the U.S., according to a statement issued on Wednesday. The units will be powered mostly by wind and solar energy.
- The agreement is an expansion of the companies’ previous hosting deal of 73,000 miners in May.
- The pact will make Marathon’s mining operations “not only be among the largest in North America, but also among the most efficient and most environmentally friendly,” said Marathon’s CEO Fred Thiel.
- The deal will make Marathon’s mining operations about 77% carbon neutral.
- Some of the miners are being deployed at existing data centers while the rest will be online by mid-2022 as Compute North completes construction of its facilities.
- On Nov. 2, Marathon said once it receives all outstanding purchase orders, it expects to have approximately 133,000 operational miners generating about 13.3 exahash per second. Its “blended” cost of electricity and hosting will be about $0.042 per kilowatt hour.
- Marathon Digital shares climbed 6.5% in early trading on Wednesday.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
