Marathon Digital Holdings is transforming the narrative surrounding Bitcoin mining by utilizing its excess heat to benefit communities in Finland.

In a statement released on December 20 via X, the organization announced that it supplies heating for approximately 80,000 residents through an innovative strategy that combines advancement and environmental stewardship.

This achievement builds upon a pilot initiative launched in June, during which Marathon provided heat to 11,000 residences in Finland’s Satakunta region. The recent expansion added 67,000 additional residents to its heating network.

As noted in its June announcement, the miner employs district heating technology, which offers an effective solution to manage the surplus heat produced by Bitcoin mining. The system centrally heats water and efficiently transports it through underground pipelines to warm homes.

According to data from Companiesmarketcap, Marathon is valued at approximately $7 billion and stands as the world’s foremost Bitcoin mining enterprise. It occupies a significant role in the cryptocurrency sector as the second-largest publicly traded entity in Bitcoin holdings, possessing 44,394 BTC recorded on its balance sheet.

Stakeholders commend Marathon

Venture Capitalist Daniel Batten emphasized the importance of this milestone, stating:

“Bitcoin Mining Heat recycling is no longer an edge case; it’s a tangible reality, being implemented at an increasing scale. Heating 80,000 homes through Bitcoin mining is substantial, and it is merely the beginning of what is achievable. ”

In a similar vein, Bitcoiner Thomas Brand remarked that this methodology reduces the environmental impact of mining activities and aligns with Finland’s long-term climate goals. He added:

“Finland’s electricity production profile is highly appealing from the viewpoint of industrial large-scale flexibilities, as there is minimal large-scale consumption flexibility (this is evident from the fluctuations in electricity prices and the rapid escalation of low hourly prices). ”

Meanwhile, Marathon’s dedication to sustainability extends beyond heat recycling. Earlier this month, the company acquired a wind farm in Hansford County, Texas, to enhance its renewable energy portfolio.

The firm asserted that this acquisition would contribute to lowering energy expenses, mitigating grid congestion, and fostering broader adoption of renewable energy.

Bit Brother Limited (the “Company,” “we,” or “Bit Brother”) (OTC Pink: BETSF) is pleased to announce that our second cryptocurrency mining farm has been launched in Abilene, Texas.

With the unremitting efforts of the operations team, we overcame all difficulties and continue to move forward. Site 2 passed all inspection benchmarks and obtained the occupancy certificate on June 7, 2024, and then began mining on June 8, 2024.

Based on the rich operating experience accumulated by Site 1, the initial batch of 1,368 S19 miners at Site 2 are expected to produce 3 BTC per month. Therefore, Site 1 and Site 2 are expected to achieve a combined monthly production of 7 BTC assuming all miners are operating normally. The simultaneous operations of these two sites will take Bit Brother’s mining operational capacity to the next level.

Precisely we have found that the investment and construction cycle of the Bitcoin mining farm is long and there are too many uncertainties, and that is why the management team is studying and evaluating a better way for Site 3, such as the trust model.

In 2024, Bit Brother’s cryptocurrency mining cluster will reach a major development milestone, it is expected to generate explosive revenue as Bitcoin caused a notable surge and will lay a solid foundation for the company’s future development and create more returns for everyone. the investors.