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Marathon Digital Develops Centralized Heating Using Bitcoin Mining

24.06.2024
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A pilot project of a 2MW computational center for Bitcoin mining was launched in Finland to provide centralized heating to more than 11,000 consumers.

Marathon Digital Enters Centralized Heating Market

Marathon Digital Holdings initiated a pilot project in the Satakunta region of Finland, where the heat generated from Bitcoin mining will be used for centralized heating. The system involves heating water in the company’s data center and then distributing it through underground pipes to heat buildings.

By repurposing excess heat, Marathon Digital aims to expand its portfolio of sustainable technologies and explore new revenue streams as part of its global strategy to achieve zero-cost electricity for its data centers. Furthermore, according to Future Market Insights, the district heating market is expected to nearly double to $340 billion by 2033, presenting significant growth opportunities for the company.

Finland is actively developing projects that utilize heat generated from Bitcoin mining for centralized heating. For example, Hashlabs Mining is implementing a similar project using WhatsMiner M63 units with specially designed hydro-cooling systems.

Сообщение Marathon Digital Develops Centralized Heating Using Bitcoin Mining появились сначала на CoinsPaid Media.

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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