Digital Holdings And Zero Two Marathon Makes Bitcoin Mining Facilities In The Desert

Marathon Digital Holdings and Zero Two Build Bitcoin mining facilities in Abu Dhabi. (photo: Twitter @ MarathonDH)

JAKARTA - Crypto mining company Marathon Digital Holdings announced it has partnered with digital asset infrastructure company Zero Two to create large-scale Bitcoin mining facilities with a diving system in Abu Dhabi.

In a May 9, Marathon Digital said the partnership would be based in Mina Zayed and Masdar City in the United Arab Emirates, consisting of two mining sites with a combined capacity of 250 megawatts.

According to the company, Marathon and Zero Two plan to supply power to the facility with excess energy from the Abu Dhabi network, claiming that it will increase the basic and sustainability burden.

Mining crypto in the Abu Dhabi desert climate, where its average annual temperature is about 28 degrees Celsius, is often "unable", according to the Digital Marathon. The company says it has helped develop a "specially built-in diving solution" to cool mining rigs in the proposed facility, with the suggestion of a liquid cooling solution.

"For this project, our team has succeeded in developing and implementing complete dive solutions, as well as developing property mining software from scratch to provide flexibility, resilience, and optimization," said Chairman and CEO of Marathon Digital, Fred Thiel, quoted by Cointelegraph.

Project ownership, called the Abu Dhabi Global Market JV Entity, will be divided between Zero Two and Digital Marathon, where the two companies control 80% and 20%, respectively. Both Abu Dhabi facilities are expected online by 2024 and produce a combined hash rate of around 7 EH/s.

Reporting on the planned mining operation comes as executives from the United States-based crypto exchange Coinbase visit the United Arab Emirates to test the potential of the region as a "strategic center" for its operations overseas. Coinbase CEO Brian Armstrong meets policymakers and talks at Dubai FinTech Summit.