Marathon Digital Holdings – a US-based Bitcoin (BTC) mining entity – has reportedly disclosed details of its plans for hitting the 70% target carbon neutrality for its cryptocurrency mining operations.

Specifically, the firm reportedly looks to bring down the overall carbon footprint, via building a new data facility, in charge of hosting around 73,000 Bitcoin miners bought in the past, as included in the new 300-megawatt operation situated in Texas. 

To make this happen, Marathon reportedly looks to get started with its building plan in October this year, with assistance from Compute North – a long-running partner in the sector. 

Marathon will reportedly offer Compute North a bridge loan spanning throughout 18 months, with the overall value equivalent to a maximum of $67 million.

“Compute North is a long-term partner of ours, and by expanding our working relationship with them through this new agreement, we have now secured economical hosting arrangements for all 103,120 of our previously purchased Bitcoin miners”. Head of Marathon – Fred Thiel – reportedly remarked. 

The agreement is reportedly believed to have the ability to become one of the North America-based Bitcoin miners with the highest size, efficiency, and environmental consciousness. 

Head of MicroStrategy – Michael Saylor – reportedly remarked that the firm is “acting decisively” to widen the scope of its mining capacity across America, in a direction that would allow for carbon neutrality, further claiming that publicly-traded miners will open up doors for ESG (environmental, social and corporate governance) initiatives. 

Marathon is acting decisively to expand its US-based mining capacity in a carbon-neutral fashion. Publicly traded Bitcoin miners like $MARA are going to drive standards of excellence for other miners around the world & lead the way on ESG initiatives.