Bitcoin miner Marathon Digital has continued its international expansion by launching a 27-megawatt Bitcoin mining project powered by renewable hydro energy near Paraguay’s Itaipu Dam.
According to a press release, Marathon Digital launched the project in partnership with Penguin Infrastructure Holding, which aims to transform energy into human potential in Paraguay. The project’s first miners are already on site and are being prepared for installation and energization.
Commenting on the new feat, Marathon’s chairman and CEO, Fred Thiel, said: “After proving that we can successfully deploy internationally with our project in Abu Dhabi, we are continuing to expand into new markets with excess or stranded energy. This project is our second international deployment and marks our first into Latin America.”
Marathon Digital Announces Second International Deployment
Marathon and Penguin will run the project in two stages, bringing 1.1 EH/s of Marathon’s miners online. The first is expected to conclude in November, with seven megawatts powering approximately 0.3 EH/s of Marathon’s miners. For the second phase, 0.8 EH/s of Marathon’s miners will be powered by 20 megawatts, and this stage will be complete in 2024.
“Bitcoin miners, like Marathon, have the unique ability to co-locate at sources of power that are producing excess energy, like the Itaipu Dam in Paraguay. We believe this project may serve as an excellent case study for the value Bitcoin mining can bring to regions with excess power. We look forward to expanding our operations in Paraguay and elsewhere,” Thiel added.
Paraguay to Monetize Excess Energy
Itaipu Dam is the second-largest hydroelectric dam in the world by annual production, with an installed generation capacity of 14 gigawatts. Paraguay produces roughly 32 terawatt hours of surplus energy per year, which Marathon believes results in lower productivity for the utility and the country. The project aims to help Paraguay monetize its excess energy without the need for expensive transmission lines and additional infrastructure.
Marathon’s second international deployment comes shortly after the company launched a 280-kilowatt Bitcoin mining pilot project powered by landfill methane gas in Utah. The pilot was set up via a partnership with Nodal Power, a developer of renewable energy assets, and is currently energized and operational.
I don’t even know how I ended up here, but I thought this post was great. I do not know who you are but definitely you are going to a famous blogger if you aren’t already 😉 Cheers!
You are my aspiration, I have few blogs and often run out from brand :). “Analyzing humor is like dissecting a frog. Few people are interested and the frog dies of it.” by E. B. White.
Nice blog here! Also your web site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my site loaded up as quickly as yours lol
Good web site! I really love how it is simple on my eyes and the data are well written. I am wondering how I could be notified whenever a new post has been made. I’ve subscribed to your RSS which must do the trick! Have a nice day!
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
I would like to express some thanks to you for bailing me out of such a difficulty. Right after checking through the world-wide-web and seeing strategies which were not beneficial, I assumed my entire life was well over. Living minus the approaches to the issues you’ve solved by means of your article content is a crucial case, as well as ones which could have in a wrong way damaged my entire career if I hadn’t noticed the blog. Your main expertise and kindness in controlling the whole thing was important. I’m not sure what I would’ve done if I hadn’t encountered such a step like this. It’s possible to at this moment look ahead to my future. Thanks for your time so much for this reliable and results-oriented guide. I won’t think twice to refer your web site to any person who should get direction about this problem.
Purdentix
Purdentix review
The design and usability are top-notch, making everything flow smoothly.
It provides an excellent user experience from start to finish.
This site truly stands out as a great example of quality web design and performance.
The content is engaging and well-structured, keeping visitors interested.
I love how user-friendly and intuitive everything feels.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
I’m really impressed by the speed and responsiveness.
I really appreciate this post. I¦ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thank you again
I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.
I needed to post you that little bit of observation to be able to give many thanks over again for these superb knowledge you’ve shown in this case. It is simply surprisingly generous with people like you to offer freely all that many individuals could possibly have sold as an electronic book to end up making some money on their own, certainly seeing that you could possibly have done it if you wanted. Those tips as well served to be the fantastic way to be aware that some people have the identical desire just as mine to see more with respect to this condition. Certainly there are some more pleasurable sessions ahead for folks who looked at your website.