Bitcoin Miner Marathon Digital in JV for Immersion Cooled Bitcoin Mining in Abu Dhabi
The Abu Dhabi Global Markets JV Entity (ADGM) is developing two mining sites with a combined output of 250 MW of mining power. The energy for the sites will come from available excess energy in Abu Dhabi, providing stability to the Middle Eastern capital’s power grid. Construction is already in progress and the required equipment and infrastructure will be in place by the end of 2021. The joint venture (JV) between Marathon Digital Holdings, Inc. and ADGM will be the first of its kind in the region and will feature a state-of-the-art immersion cooling system to enhance the efficiency of the mining process.
Marathon Digital Holdings, Inc. will be using their proprietary immersion cooling systems to optimize their mining operations in a manner that is both energy efficient and cost effective. The technology has proven to be an industry leader and is built to accommodate a variety of rigs. This system enables for the coolant to be reused and recycled, further decreasing energy costs. With the combination of this revolutionary cooling system and the availability of excess energy in the region, Marathon Digital holds the potential to successfully operate some of the most advanced mining facilities in the world.
The joint venture (JV) between Marathon Digital and ADGM marks the first step in Marathon’s commitment to advancing and expanding their sustainable mining operations across the Middle East. They have already been working to establish partnerships in other countries in the region, with plans to develop more facilities in the future.
