Marathon Digital Holdings Unveils Two-Phase Immersion Cooling System To Optimize Data Center Operations
March 26 2024 - 8:30AM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon"
or "Company"), one of the world’s largest publicly traded
Bitcoin miners and a leader in supporting and securing the Bitcoin
ecosystem, today announced MARA 2PIC700, a next generation
two-phase immersion cooling system built to transform data center
operations with industry leading power, density, and efficiency.
Compared to current alternatives, MARA 2PIC700
enables two to four times the power density and can reduce the
space requirements for a data center by up to 75%. It can operate
in temperatures ranging from minus 20 degrees Celsius to 50 degrees
Celsius and is built for remote management. As a result, the system
can enable data centers to be built and operated in remote or harsh
climates that were previously inaccessible. For Bitcoin mining
specifically, MARA 2PIC700 enables ASIC miners to be overclocked by
60-100% and can enable up to a 60% reduction in cooling costs, even
under the most extreme conditions.
MARA 2PIC700 is part of Marathon’s broader
strategy to vertically integrate its technology stack and to
diversify its operations. The system’s ability to improve heat
dissipation and efficiency for intense computational loads has the
potential to benefit a variety of industries with large and dense
power requirements, including cryptocurrency mining, telecom,
AI/ML/HPC computing, and edge computing.
“MARA 2PIC700 was born from our vertically
integrated tech stack, and we believe this technology has the
potential to not just benefit Marathon’s own Bitcoin mining
operations, but to transform data centers in multiple industries,”
said Fred Thiel, Marathon’s chairman and CEO. “This compact and
modular system boasts two to four times the power density of
current alternatives and is designed to be operated remotely with
minimal human intervention. As a result, we believe MARA 2PIC700
can reduce maintenance costs, improve performance, and unlock new
opportunities for data center operators by enabling them to operate
in remote or harsh climates that were previously inaccessible. We
look forward to rolling out MARA 2PIC700 and setting a new standard
for data centers with our next generation technologies.”
Today, March 26 and tomorrow, March 27, Marathon
will be showcasing its next generation immersion cooling system at
the Empower Conference in Houston, TX.
MARA 2PIC700 is now available for pre-order. To
experience the next generation of immersion cooling and to learn
more, visit mara.com/2pic.
Investor Notice
Investing in our securities involves a high
degree of risk. Before making an investment decision, you should
carefully consider the risks, uncertainties and forward-looking
statements described under "Risk Factors" in Item 1A of our most
recent Annual Report on Form 10-K for the fiscal year ended
December 31, 2023, filed with the SEC on February 28, 2024. If any
of these risks were to occur, our business, financial condition or
results of operations would likely suffer. In that event, the value
of our securities could decline, and you could lose part or all of
your investment. The risks and uncertainties we describe are not
the only ones facing us. Additional risks not presently known to us
or that we currently deem immaterial may also impair our business
operations. In addition, our past financial performance may not be
a reliable indicator of future performance, and historical trends
should not be used to anticipate results in the future. See
"Forward-Looking Statements" below.
Forward-Looking Statements
Statements made in this press release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements can be
identified by the use of words such as “may,” “will,” “plan,”
“should,” “expect,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company's Annual Reports on Form
10-K, as may be supplemented or amended by the Company's Quarterly
Reports on Form 10-Q. The Company assumes no obligation to update
or supplement forward-looking statements that become untrue because
of subsequent events, new information or otherwise.
About Marathon Digital
Holdings
Marathon is a digital asset technology company
that focuses on supporting and securing the Bitcoin ecosystem. The
Company is currently in the process of becoming one of the largest
and most sustainably powered Bitcoin mining operations in North
America.
For more information, visit www.mara.com, or
follow us on:
Twitter: @MarathonDHLinkedIn:
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@marathondigitalholdings
Marathon Digital
Holdings Company Contact:
Telephone: 800-804-1690Email: ir@mara.com
Marathon Digital Holdings Media
Contact:Email: marathon@wachsman.com
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