Bitcoin Mining Shifts to Renewable Energy Sources for Sustainability
Bitcoin mining is shifting towards renewable energy sources, with over half of the network's power now derived from sustainable resources.
Renewable Energy as a Strategic Advantage
- Bitcoin mining secures the network and ensures fixed supply without central authority manipulation.
- Miners increasingly utilize alternative energy like wind, solar, and hydropower, particularly in regions with stranded resources.
- Miners help stabilize the energy grid by absorbing excess renewable energy when supply exceeds demand.
- They can quickly shut down operations to return power to the grid during high demand periods.
Marathon Digital Holdings' Performance
- Marathon Digital (MARA) reported strong performance as both a Bitcoin miner and asset holder.
- In August, Marathon mined 705 BTC and purchased an additional 1,133 BTC, increasing its treasury to 52,477 BTC.
- The company's hash rate reached 59.4 EH/s, indicating significant operational capacity.
- In September, Marathon mined another 82.6 BTC, raising its total holdings to nearly 52,560 BTC.
- Each MARA share represents $15.68 in BTC value.
