Nodal Power, a company that develops and operates renewable energy assets announces today a pilot program with Marathon Digital Holdings, Inc. (NASDAQ:MARA), a leader in supporting and securing the Bitcoin ecosystem, to launch a 280 kW Bitcoin mining pilot project in Utah that is exclusively powered by landfill methane gas. The pilot project is currently fully energized and operational.
Marathon is working with Nodal Power to validate the option to mine Bitcoin using methane gas from landfills, a model Nodal has successfully deployed across two active landfill sites. This project is part of a larger effort by Marathon to find ways to reduce greenhouse gas emissions and use renewable energy to power its Bitcoin miners.
“At Marathon, we are constantly seeking innovative ways to diversify our operations, lower our energy costs, and leverage the unique aspects of Bitcoin mining to better the environments in which we operate,” said Fred Thiel, Marathon’s chairman and CEO. “By capturing the methane emitted from landfills and converting it into electricity to power our Bitcoin miners, we may have an opportunity to accomplish all of those goals simultaneously. The methane naturally produced from landfills, biowaste, and elsewhere is often stranded, and Bitcoin miners like Marathon are uniquely positioned to help convert this harmful gas into a productive source of clean, renewable energy. Should the results of the pilot project meet our expectations, we look forward to expanding our footprint in this area and helping landfill operators and others meet their environmental targets.”
Nodal Power has been operating the 1.6 MW off-grid renewable energy site for months and now have Nodal and Marathon bitcoin miners running in the on-site datacenter.
About Marathon Digital Holdings
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.
Nodal Power is a company that develops and operates renewable energy assets, specifically in the biogas space. The company’s mission is to bring to market underutilized and overlooked energy assets.