Marathon Digital has finalized a deal with Hut 8 to take over the operational control of Bitcoin mining sites by paying a termination fee of $13.5 million.
Marathon’s control of the mining sites in Granbury, Texas, and Kearney, Neb., slated for completion by April 30, follows Marathon’s Jan. 16 acquisition of the sites for $178.6 million. Hut 8 has managed operations under a contract inherited from a previous merger, valued at $1.2 million per month.
The transition aims to enhance Marathon’s operational efficiency and cost-effectiveness in Bitcoin (BTC) mining at these locations.
You might also like: Electricity demand to double in 3 years. How AI and mining play a part
“By operating the sites in Granbury and Kearney ourselves, we will be able to fully recognize the operational and economic benefits of owning these assets,” Marathon Digital CEO Fred Thiel said, expressing optimism about leveraging the company’s expertise for greater benefits.
The agreement to shift control marks a significant step for both firms in optimizing their operations and strategic positioning within the crypto mining sector. On the other side, citizens in Granbury have raised concerns about noise pollution attributed to mining activities, showing the community impact of similar operations.
Hut 8 President Asher Genoot praised the teams’ dedication at both sites and anticipated a smooth handover. Despite stepping down as the operator, the company will continue to offer managed services and self-mining activities.
Read more: Hut 8 Corp. challenges short-seller report, claims financial solidity
can you get clomid without a prescription can you buy clomiphene online can you get cheap clomiphene pills can you buy clomid pills clomiphene rx for men can i buy clomiphene without dr prescription can i get generic clomid without a prescription
More posts like this would force the blogosphere more useful.
This is the amicable of content I take advantage of reading.
generic zithromax 250mg – where to buy ciprofloxacin without a prescription flagyl 200mg ca
rybelsus cost – order semaglutide sale cyproheptadine online order
buy motilium tablets – flexeril for sale where to buy cyclobenzaprine without a prescription
inderal 10mg price – purchase inderal for sale purchase methotrexate generic
buy azithromycin pills for sale – azithromycin 500mg usa cost bystolic 20mg
buy generic augmentin over the counter – atbioinfo.com ampicillin medication
esomeprazole 20mg tablet – nexiumtous nexium ca
warfarin canada – https://coumamide.com/ cozaar 25mg sale
order mobic 7.5mg online cheap – https://moboxsin.com/ order meloxicam pills
prednisone 20mg for sale – https://apreplson.com/ order deltasone 40mg online
ed pills comparison – fast ed to take site buy erection pills
buy generic fluconazole – https://gpdifluca.com/ buy diflucan without prescription
escitalopram 10mg pill – this cheap lexapro