Marathon Digital Holdings Inc, a crypto mining company, recently announced its partnership with digital assets firm Zero Two.
This announcement marks a major milestone in Marathon Digital’s plan for global expansion. The creation of the “Abu Dhabi Global Markets JV Entity” will involve joint ownership between both companies, with Zero Two holding 80% ownership and Marathon Digital holding 20%.
Marathon plans to capitalize on the advantageous climate and energy costs in Abu Dhabi while forging valuable partnerships through its expansion efforts.
Marathon Digital Expands Into The Middle East
The newly formed joint venture with Zero Two will develop and operate two digital mining sites with a combined capacity of 250 megawatts.
The sites will be located at two different places in Abu Dhabi. The larger 200MW site will be located at a feasible hub in Masdar City. The second site of 50MW will be located in the port zone of Mina Zayed, Abu Dhabi.
Marathon and Zero Two anticipate leve
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