Marathon Digital Transforms Into Global Energy Leader In 2024

According to PANews, Marathon Digital has announced a significant transformation in 2024, evolving from a Bitcoin mining company into a leader in the global energy and infrastructure sector. Throughout the year, the company achieved several milestones, including reaching a computing power of 50 EH/s and tripling its capacity to 2GW. Marathon Digital also expanded by adding seven new mining sites, increasing the proportion of self-operated mines to 65%. Additionally, the company bolstered its Bitcoin holdings to 44,394 through a $2 billion zero-percent convertible bond. Marathon Digital implemented a zero-cost energy strategy, acquiring wind farms and utilizing abandoned gas from oil fields for power. In Finland, the company recycled thermal energy to provide heating for 80,000 households. The firm also introduced a two-phase immersion cooling system, a multi-chain Layer 2 network, and a direct Bitcoin transaction tool named Slipstream. These initiatives contributed to achieving the highest capital return rate in the industry. Furthermore, the company's team expanded from 56 to 152 members, reflecting its growth and development.