Marathon Digital Holdings has been nominated for "Energy Technology of the Year" at the Energy Council Awards 2024, alongside Chevron and Aize. The nomination highlights Marathon's innovations in Bitcoin mining and commitment to renewable energy. The awards ceremony will occur in November in London.
Bitcoin mining and growing data center demands are testing Texas' electricity grid in the Permian Basin, traditionally known for oil production. By 2030, crypto mining is expected to dominate electricity consumption. Infrastructure and environmental concerns arise as industries adapt to electrification and renewable energy sources.
