By
Nodal Power Inc
6.12.2024
Salt Lake City - Nodal Power Inc co-authored a report with Marathon Digital Holdings (NASDAQ: MARA), publishing the findings of a 240-pilot project starting in the fall of 2023. The intention of the pilot was to discover the economic viability and environmental impact of digital asset compute (Bitcoin mining) using landfill gas as the power source. The conclusion of the report reads:
"The results from our pilot project successfully validated our initial theory. Digital asset compute is not only possible but also an economically viable option to reduce methane emissions from landfills. Marathon and Nodal successfully captured methane from a landfill, converted it into electricity, and used it to power Nodal’s data center."
Operationally, the Nodal and Marathon pilot uptime was 92%, which exceeds the 85% average uptime of digital asset computer providers, most of which are grid-tied. The report notes the low cost to generate power at $0.03 per kWh, which is less than half the average of $0.08 per kWh paid by the industrial sector. At projects where carbon credits or renewable energy credits apply, the computing expenses would be significantly lower, approaching a net $0.00 per kWh cost of power, a goal of both Nodal Power and Marathon.
Marathon's post on X quantifies the impact of the pilot. Nodal Power looks forward to continued exploration with Marathon as we explore the future of Bitcoin mining.
You can Bitcoin Magazine's summary here and access the full report here.
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.
Nodal Power
Nodal Power is a company that develops and operates renewable energy assets, specifically in the biogas space. The company’s mission is to bring to market underutilized and overlooked energy assets.
If you are interested in joining our mission, contact us at recruiting@nodalpower.com