Marathon signs new agreements to meet 2023 hash rate target

Bitcoin mining firm is looking beyond its current issues into next year to secure the energy it needs to constitute a larger part of the network hash rate.

Bitcoin miner Marathon Digital Holdings has entered into a deal which it claims provides electricity to generate enough energy to contribute 23.3 exahashes per second (EH/s) to the Bitcoin network.

Marathon revealed in a July 18 announcement that data center operator Applied Blockchain would host 254 megawatts of power, with an option to add 70 megawatts from various other providers, including Compute North. Marathon expects this hosting deal to help it reach its goal of 23.3 PE/s in computing power by 2023.

Exahashes per second (EH/s) refers to the amount of hash power a miner contributes to securing the Bitcoin network.

$MARA secures hosting capacity to support #Bitcoin's 23.3 PE/s mining

- 200MW (9.2EH/s) with @APLDBlockchain

- 42 MW extra with @computenorthllc

- 12MW (0.8EH/s) with other providers https://t.co/fXgmN4ppTL

Applied Blockchain will supply 90 megawatts to the Marathon facility in Texas and 110 to 180 megawatts to a facility in North Dakota. Together they will contribute approximately 9.2 PE/s.

Compute North has obtained the required regulatory approval to provide 42 megawatts of hosting capacity to Marathon at its facility in Granbury, Texas. This location will house 26,000 mining devices that will contribute approximately 3.6 PE/s by the end of 2022, according to Marathon.

Marathon also sta...