Cryptominer MARA taps US shale patch in new power generation project
Bitcoin
NEW YORK :MARA Holdings Inc., the world's largest publicly traded bitcoin miner, has begun producing power in the U.S. shale patch as part of a pilot project to fuel 25 megawatts of its mining operations with excess natural gas, the company told Reuters on Tuesday. The move comes as intensifying competition for electricity between Big Tech's AI data centers has led the crypto industry, which is among the country's largest single-source power consumers, to shift business strategies and either
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