Marathon Digital Holdings, a leading Bitcoin mining company, has successfully provided heating for approximately 80,000 residents in Finland using excess heat generated by their mining operations. This initiative, which began as a pilot project in June 2021 supplying heat to 11,000 homes in Finland’s Satakunta region, has now expanded to include an additional 67,000 residents.
By leveraging district heating technology, Marathon effectively channels surplus heat generated during the mining process into warming homes efficiently. As of December 2021, Marathon’s market capitalization stands at approximately $7 billion, making them one of the largest publicly traded companies in the cryptocurrency space.
Venture capitalists like Daniel Batten have praised Marathon’s efforts towards sustainability, while Bitcoiner Thomas Brand believes this approach aligns with Finland’s long-term climate goals. Furthermore, Marathon recently announced the acquisition of a wind farm in Texas to further diversify their energy sources and promote renewable energy adoption.
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