Bitcoin
Bitcoin (BTC)
$63,315.00 5.62954
Bitcoin price
Ethereum
Ethereum (ETH)
$3,414.66 6.84834
Ethereum price
BNB
BNB (BNB)
$576.80 7.40169
BNB price
Solana
Solana (SOL)
$155.56 7.10151
Solana price
XRP
XRP (XRP)
$0.5347980 0.25939
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000185 7.65438
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000106 21.31683
Pepe price
Bonk
Bonk (BONK)
$0.0000256 10.02229
Bonk price
Bitcoin
Bitcoin (BTC)
$63,315.00 5.62954
Bitcoin price
Ethereum
Ethereum (ETH)
$3,414.66 6.84834
Ethereum price
BNB
BNB (BNB)
$576.80 7.40169
BNB price
Solana
Solana (SOL)
$155.56 7.10151
Solana price
XRP
XRP (XRP)
$0.5347980 0.25939
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000185 7.65438
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000106 21.31683
Pepe price
Bonk
Bonk (BONK)
$0.0000256 10.02229
Bonk price
Bitcoin
Bitcoin (BTC)
$63,315.00 5.62954
Bitcoin price
Ethereum
Ethereum (ETH)
$3,414.66 6.84834
Ethereum price
BNB
BNB (BNB)
$576.80 7.40169
BNB price
Solana
Solana (SOL)
$155.56 7.10151
Solana price
XRP
XRP (XRP)
$0.5347980 0.25939
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000185 7.65438
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000106 21.31683
Pepe price
Bonk
Bonk (BONK)
$0.0000256 10.02229
Bonk price
Bitcoin
Bitcoin (BTC)
$63,315.00 5.62954
Bitcoin price
Ethereum
Ethereum (ETH)
$3,414.66 6.84834
Ethereum price
BNB
BNB (BNB)
$576.80 7.40169
BNB price
Solana
Solana (SOL)
$155.56 7.10151
Solana price
XRP
XRP (XRP)
$0.5347980 0.25939
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000185 7.65438
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000106 21.31683
Pepe price
Bonk
Bonk (BONK)
$0.0000256 10.02229
Bonk price

Marathon Digital pays Hut 8 $13.5m to run two Bitcoin mining sites

marathon-digital-pays-hut-8-13-5m-to-run-two-bitcoin-mining-sites
Edited by
News
Marathon Digital pays Hut 8 $13.5m to run two Bitcoin mining sites

Marathon Digital has finalized a deal with Hut 8 to take over the operational control of Bitcoin mining sites by paying a termination fee of $13.5 million.

Marathon’s control of the mining sites in Granbury, Texas, and Kearney, Neb., slated for completion by April 30, follows Marathon’s Jan. 16 acquisition of the sites for $178.6 million. Hut 8 has managed operations under a contract inherited from a previous merger, valued at $1.2 million per month.

The transition aims to enhance Marathon’s operational efficiency and cost-effectiveness in Bitcoin (BTC) mining at these locations.

“By operating the sites in Granbury and Kearney ourselves, we will be able to fully recognize the operational and economic benefits of owning these assets,” Marathon Digital CEO Fred Thiel said, expressing optimism about leveraging the company’s expertise for greater benefits.

The agreement to shift control marks a significant step for both firms in optimizing their operations and strategic positioning within the crypto mining sector. On the other side, citizens in Granbury have raised concerns about noise pollution attributed to mining activities, showing the community impact of similar operations.

Hut 8 President Asher Genoot praised the teams’ dedication at both sites and anticipated a smooth handover. Despite stepping down as the operator, the company will continue to offer managed services and self-mining activities.