Miner Marathon Digital to launch data centers in Abu Dhabi

The total capacity of cryptocurrency mining facilities will be 250 MW, and the hashrate will be 7 EH/s

10.05.2023 - 10:40

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What’s new? Marathon Digital, a US miningcompany, has partnered with Zero Two, a blockchain infrastructure development firm, to build two cryptocurrency mining facilities in Abu Dhabi. According to the press release, the total capacity of the farms will be 250 MW and the hashrate will be 7 EH/s. The first 200 MW data center will be located in Masdar City. The second 50 MW site will be located in Mina Zayed, the port zone of the emirate. Both facilities should be up and running by the end of the year.

Marathon’s press release

What else is known? Marathon and Zero Two intend to use surplus energy in Abu Dhabi to power the facilities, increasing the base load and sustainability of the city’s power system. The companies will compensate for any use of non-environmentally produced electricity.

It is expected that $406 million will be invested in the mining complex. Marathon and Zero Two have already ordered equipment and infrastructure for it. For the project, the companies have set up a new joint venture within the Abu Dhabi Global Markets JV Entity (ADGM) international financial center to manage the farms. Zero Two will own 80% of the company’s share capital, and Marathon will own 20%.

Marathon and Zero Two previously conducted a pilot program to test the effectiveness of building a complex in Abu Dhabi, as the emirate’s desert climate makes air-cooled mining impossible. To overcome these environmental challenges, the companies developed a special immersion cooling solution for ASIC miners and implemented their own software to optimize their performance.

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The first results of the pilot demonstrated a significant reduction in the amount of maintenance required to efficiently produce hashrate by ASIC miners.

In January, Marathon sold 1500 BTC for the first time ever during its operation amid a 39% surge in the price of the asset. The proceeds were used to fund operating expenses.

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