Marathon’s New Bitcoin Mining Project to Heat Up Entire Town in Finland
Marathon Digital Holdings, the world’s largest Bitcoin mining company, has started a new project that will warm an entire town in Finland.
The pilot project utilizes the recycled heat generated from Bitcoin mining to provide heating for over 11,000 residents, the company said in a recent post on X.
Per the post, Marathon has launched a 2-megawatt pilot project in the Satakunta region of Finland.
The project aims to warm the community using the heat generated from digital asset computing, marking Marathon’s first district heating-based pilot project in the Euro area.
The facility in Finland employs a method known as “district heating,” where water is centrally heated and distributed through an underground network of pipes to warm houses.
The approach capitalizes on the excess heat produced by Bitcoin mining rigs, making it an innovative and potentially future-proof solution for residential heating.
In Finland, we launched a 2-megawatt pilot project to warm a community of 11,000 residents with recycled heat from digital asset computing. Take a look: pic.twitter.com/eIIlncxD3I
— MARA (@MarathonDH) June 20, 2024
Marathon Digital Holdings, with a market capitalization of over $5.84 billion, is the leading player in the Bitcoin mining industry.
Its market value is 33% higher than that of the second-largest company, CleanSpark, which has a market capitalization of $4.36 billion, according to CompaniesMarketCap data.
While Marathon’s project warms an entire town, other companies are also exploring Bitcoin mining-based heating solutions on a smaller scale.
One such example is Heatbit, a “plug-and-play” heating and air purifying machine that mines Bitcoin at a rate of 10 TH/s.
In April, Hashlabs Mining, a Bitcoin mining infrastructure firm,
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