CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Secures 276MW Contracted Capacity of New Ellendale, North Dakota-Based Facility
Sep 19, 2022
Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, in conjunction with Applied Blockchain Inc. (NASDAQ: APLD), a designer, builder and operator of next-generation datacenters, executed the option for an additional 70MW of hosting at Applied Blockchain’s new facility located in Ellendale, North Dakota. Applied Blockchain today announced the Sept. 8 groundbreaking of the facility, and the mutually executed option brings contracted capacity with Marathon to 276MW and total contracted hosting for APLD to nearly 500MW. “The community of Ellendale and representatives of North Dakota have been amazing to work with as we bring this next facility to life,” said Applied Blockchain CEO and Chairman Wes Cummins. “Having the new 180MW facility located close to significant wind power capacity will allow it to be powered with renewable energy to further propel future high performance computing solutions for global enterprises and applications. The entire capacity of this facility is already under contract, demonstrating the significant demand we continue to have for our hosting services.”
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About Marathon Digital Holdings Inc.
Marathon is a digital asset technology company that focuses on supporting and securing the bitcoin ecosystem. The company is currently in the process of becoming one of the largest and most sustainably powered bitcoin mining operations in North America, while remaining asset light. For more information about the company, visit www.MarathonDH.com.
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