All Articles
Crypto

Marathon Digital Wants To Turn Trash Into Bitcoin

November 5, 2023
x min read
Marathon Digital Wants To Turn Trash Into Bitcoin
Mentioned:
No items found.
No items found.
No items found.

Bitcoin mining and landfills might have more in common than it seems. A new partnership aims to prove how methane emissions from waste landfills can be turned into Bitcoin.

What’s happening:

  • Marathon Digital (NASDAQ: MARA) has entered into a new partnership with Nodal Power to turn waste landfill emissions into renewable power for Bitcoin mining
  • The pilot project is already operational in Utah and will aim to successfully validate the approach before scaling up

How it works:

  • Waste landfills emit methane gas that can be captured on site and converted into clean, renewable energy that can be used to power Bitcoin mining operations
  • Through Nodal Power’s compression and filtration system, the methane gas is converted into electricity that can power purpose built data centres that are built on site

Why it matters:

  • Turning harmful methane gas emissions into renewable energy is a enormous benefit to the climate and could unlock a whole new opportunity for Bitcoin mining

Going deeper:

  • Marathon Digital says this is one of many new projects they are embarking on that look to find innovative ways to use renewable energy to mine Bitcoin

By the numbers:

  • Methane gas is 80x more harmful for the environment than carbon dioxide for 20 years after it is released into the atmosphere

Discover the world's most disruptive early stage companies with 40,000+ investors.

The markets and trends that matter, made simple.

Join top talent at the world's most respected institutions, companies, and venture capital funds.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.