Bitcoin miner Marathon Digital has launched a 27-megawatt Bitcoin mining project near Paraguay’s Itaipu Dam. The project aims to help Paraguay monetize its excess energy without the need for expensive transmission lines and additional infrastructure. Marathon’s chairman and CEO, Fred Thiel, stated that this is their second international deployment and their first into Latin America. Paraguay produces a significant amount of surplus energy, which Marathon believes results in lower productivity for the utility and the country. The project is powered by renewable hydro energy from the second-largest hydroelectric dam in the world. The news highlights Marathon’s continued international expansion and its focus on utilizing excess or stranded energy in various markets.
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