The Nevada-based Bitcoin mining firm Marathon Digital Holdings has revealed its plans on making itself carbon-neutral. The company has decided to transition its Montana mining facility to use sustainable power sources somewhere else.
Mining giant plans on relocating its coal-powered Hardin, Montana facility to a location that uses sustainable, non-carbon emitting energy sources. With the move, the company aims to reach its goal to become fully neutral by the end of this year.
Fred Thiel, the CEO of Marathon Digital, said in an announcement that the company is working on ensuring that its “miners are as sustainably powered as possible.” He stated:
“With the majority of our fleet already scheduled to be deployed at renewable power facilities and deployments currently underway, we believe it is an appropriate time to transition our legacy operations away from fossil fuel generation and towards more sustainable sources of power.”
Marathon’s push for clean energy sources at its facilities coincides with the Bitcoin mining industry’s shift toward environmental awareness sparked by lawmakers in regulatory bodies all over the world.
Greenpeace has launched a campaign called “Change the Code, Not the Climate,” which aims to get Bitcoin to switch to more energy-efficient technology. Meanwhile, in its most recent report, the Intergovernmental Panel on Climate Change (IPCC) referred to cryptocurrency as a “major global source” of carbon dioxide emissions.
Recently, as TheCoinRise reported, the Nasdaq-listed crypto mining and data center, Greenidge Generations Holdings Inc, announced that it has successfully secured $108 million via two funding rounds. The move comes amid the company’s commitment to becoming a 100% carbon-neutral data center at all of its locations by using low-carbon sources of energy and offsetting its carbon footprint.
Notably, Republican Congressman Pete Sessions reveals that Bitcoin mining could make the U.S. more energy independent. Marathon is the third-largest Bitcoin holding company after Elon Musk’s Tesla and Michael Saylor’s MicroStrategy.
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