Marathon Digital Holdings is building the Middle East’s first major liquid-cooled Bitcoin (BTC) mining facility in partnership with Abu Dhabi-based Zero Two.
one of the largest mining companies in North America Marathon Digital Holdings In a press release on May 9, the Abu Dhabi-based digital asset infrastructure company Zero Two with partnership announced its establishment. Within the scope of the partnership 7 EH/s (exahash) processing power capacity two facilities will be established. of your facilities 2024 until the year will be operational announced.
Abu Dhabi Global Markets JV Entity (ADGM) reported to have been named your new project partnership structure 80% Zero Two And 20% Marathon Digital aspect it was decided included in the information provided. in total 250 MW of the project 200MW part of infinitive to your city 50 MW part of it To Mina Zayed announced to be established.
In normal conditions United Arab Emirates (UAE) climatic conditions crypto currency not suitable for mining Therefore, mining devices liquid cooling, solutions will be used. Project in Abu Dhabi from excess energy taking advantage clean and sustainable It was pointed out that it aims to carry out a mining activity.
CEO of Marathon Digital Fred Thiel In his statement on the subject, he said that for this project the team had a complete liquid cooling solution as well as flexibility And optimization to ensure a custom mining software from scratch that he developed.
CEO of Zero Two Ahmet Al Hamelithe partnership with Marathon in Abu Dhabi blockchain And digital asset industry for one milestone said that. Hameli, Marathon technological mastery and Zero Two regional experience stated that they will be actively used in this project.