Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle

The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North’s energy provider is waiting for federal regulators to approve its tax-exempt status, Marathon said. Compute North hosted about 20,000 of Marathon’s machines as of the end of June and …

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