Marty Bent and Harry Sudock discuss Bitcoin mining, the energy grid, and the Lightning Network.
Nvidia continues to produce stunning earnings due to the world’s reliance on its chips. But mining sales underwhelmed this quarter. Has it ever been a big priority for the company?
Pennsylvania-based company that reclaims coal waste as a way to power bitcoin mining sees bitcoin as the vehicle to do urgently needed environmental cleanup.
With the new purchase, the company’s total miners will increase about 30% to approximately 133,000 bitcoin miners, producing 13.3 EH/s, said Fred Thiel, Marathon Digital’s CEO.
MicroStrategy CEO says firm plans to continue buying bitcoin as well as educating institutions and the public about its benefits
While the company is focused on bitcoin, it may utilize its miners for other crypto assets depending on market conditions.
In a year where ESG concerns have dominated headlines, this is one of many public moves to help the decentralized currency lower its energy usage.