Montana storm knocks 75% of Marathon's active crypto mining fleet offline - Aliens: AI Crypto News & Markets Updates
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Montana storm knocks 75% of Marathon's active crypto mining fleet offline

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The Block

Tue, Jun 28, 2022

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The storm hit the town of Hardin on June 11 and damaged the power generating facility supplying Marathon's operations, according to a statement from the company issued Tuesday.

"Prior to the storm, the 30,000 miners Marathon had deployed in Montana represented over 75% of the Company’s active fleet.

With these miners offline, Marathon’s bitcoin production is expected to be significantly reduced until repairs to the power generating facility in Montana can be completed or until the miners can be relocated to new facilities," the firm said.

While repairs are ongoing, Marathon will move some machines from its own mining pool, MaraPool, to a third-party mining pool, "in order to increase the probability of earning bitcoin." "With these miners offline, Marathon’s bitcoin production is expected to be significantly reduced until repairs to the power generating facility in Montana can be completed or until the miners can be relocated to new facilities," said the statement from Marathon.

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