Marathon Digital Holdings has expanded its Bitcoin mining operations with the acquisition of two facilities in Texas and Nebraska for $178.6 million, adding 390 megawatts to its capacity and reducing its reliance on third-party centers from 97% to 45%. Cryptocurrency stocks saw a premarket rise, with RIOT Platforms gaining 3%, Marathon Digital rising 3.1%, and U.S.-listed shares of HUT 8 Mining up 3.8% as Bitcoin hovered near an 11-day high. Additionally, Marathon Digital is up 628.82% year-to-date. In related industry news, Akron Energy secured $110 million in funding to increase its U.S. Bitcoin mining capacity and to introduce an AI cloud service in Norway.
*DATA CENTER INFRASTRUCTURE PROVIDER AKRON ENERGY RAISES $110 MILLION TO EXPAND US BITCOIN MINING: REPORT - THE BLOCK
Data center infrastructure provider Akron Energy raises $110 million to expand US bitcoin mining: report https://t.co/YUeAd6pPGK
NEW: #Bitcoin βοΈ mining company Marathon Digital Holdings is up 628.82% YTD ππ https://t.co/vXRaNnpleW
Arkon Energy raises $110M to grow U.S. bitcoin mining capacity, launch AI cloud service in Norway https://t.co/izHHJmxMnx
Akron Energy raises $110M to grow U.S. bitcoin mining capacity, launch AI cloud service in Norway: https://t.co/RXW7FMYeIu by TechCrunch #infosec #cybersecurity #technology #news
Wow, how innovative! Akron Energy is splashing $110M to ramp up US bitcoin mining and roll out an AI cloud service in Norway. Check out the deets from Jacquelyn Melinek here: https://t.co/OonZOFStYX #TechCrunch #bitcoin #AI #innovation
Akron Energy raises $110M to grow U.S. bitcoin mining capacity, launch AI cloud service in Norway https://t.co/dA6szQdxVg
$RIOT $MARA πΈ CRYPTO STOCKS RISE PREMARKET AS BITCOIN HOVERS NEAR 11-DAY HIGH πΈ CRYPTO MINERS RIOT PLATFORMS GAINS 3%, MARATHON DIGITAL RISES 3.1%, U.S.-LISTED SHARES OF HUT 8 MINING UP 3.8%
NEW: Marathon Digital Holdings acquires two #Bitcoin βοΈ mining facilities in πΊπΈ Texas and Nebraska for π΅ $178.6M, adding 390 megawatts to existing capacity. With this acquisition, Marathon's reliance on third-party centers goes from 97% to 45% π https://t.co/LXY2P6AZt0