CandleFocus MARA Launches Pilot to Harness Shale Gas for Bitcoin Mining Operations
2024-10-08
Author: Content Editor
Bitcoin mining company MARA has launched a pilot program to power its operations with excess natural gas from shale oil sites in Texas and North Dakota. The program aims to generate 25 megawatts of power and helps the company avoid rising electricity costs. Additionally, the initiative allows MARA to accumulate carbon credits by reducing greenhouse gas emissions. This marks the first instance of a publicly traded miner embracing such a model. MARA's stock has seen a recent increase, and earlier this year, the company announced plans to purchase and hold BTC.
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