Marathon Digital is heating 80,000 Finnish homes with heat generated from Bitcoin mining

Digital Marathon Holding is redefining the narrative around it Bitcoin Mining by reusing excess heat to benefit communities in Finland.

On December 20th statement On the

This success builds on a pilot project launched in June, in which Marathon supplied heat to 11,000 homes in the Satakunta region of Finland. The recent expansion added an additional 67,000 residents to its heating network.

According to June statementThe miner uses central heating technology, which provides a practical way to handle the excess heat generated by Bitcoin mining. The system centrally heats water and efficiently directs it through underground pipelines to heat homes.

According to Companies Market Cap DataMarathon is worth approximately $7 billion and is the world’s leading Bitcoin mining company. It holds a prominent position in the cryptocurrency space as the second largest publicly listed entity owning Bitcoin, with 44,394 BTC is locked on its balance sheet.

Stakeholders applaud Marathon

Venture capitalist Daniel Batten highlighted the importance of this achievement, It helps:

“Thermal recycling for Bitcoin mining is not a novelty anymore, it is a real thing, and is being implemented on an increasing scale. Heating 80,000 homes through Bitcoin mining is significant, and just the beginning of what is possible.

Likewise, Bitcoiner Thomas Brand said that this approach mitigates the environmental impact of mining operations and is consistent with Finland’s long-term climate goals. he He added:

“Finland’s electricity production profile is very attractive from the perspective of large-scale industrial flexibility, as there is little large-scale consumption flexibility (this can be seen directly from the volatility of electricity prices and the explosive growth of weak hourly rates).”

At the same time, Marathon’s commitment to sustainability goes beyond just recycling heat. Earlier this month, the company acquired a wind farm in Hansford County, Texas, to bolster its renewable energy portfolio.

The company stated that this acquisition will help reduce energy costs, relieve grid congestion, and promote wider adoption of renewable energy.

mentioned in this article