Marathon Digital and Nodal Power Unveil Methane-Fueled Bitcoin Mining Pilot in Utah
Marathon Digital, listed on Nasdaq under the ticker
MARA, has announced a new partnership with Nodal Power.
Nodal Power is recognized for developing and operating assets in the renewable energy sector, focusing primarily on biogas.
Marathon detailed on Thursday that
the pilot project with Nodal Power is part of a “broader initiative” by the firm. The company wants to validate the benefits of capturing methane from landfills to power its fleet of bitcoin (BTC) mining rigs.
“At Marathon, we are constantly seeking innovative ways to diversify our operations, lower our energy costs, and leverage the unique aspects of Bitcoin mining to better the environments in which we operate,” Fred Thiel, Marathon’s chairman and CEO stated.
On Thursday, MARA shares are up
more than 5% against the U.S. dollar and 13.67% over the last 30 days. Year-to-date, MARA has risen
more than 163% higher against the greenback. Six-month market statistics, however, show MARA is down a hair
over 9% since the first week of May 2023.
