Marathon Digital Holdings (NASDAQ: MARA) stock garnered attention after the Bitcoin mining company introduced a two-phase immersion cooling system to optimize data center operations.
Marathon Digital Holdings (NASDAQ: MARA) has unveiled its latest innovation, the MARA 2PIC700. This cutting-edge two-phase immersion cooling system is poised to revolutionize not only Marathon’s Bitcoin mining operations but also data centers across multiple sectors, Chairman and CEO Fred Thiel said.
One of the key features of MARA 2PIC700 is its ability to support two to four times the power density of traditional cooling systems while simultaneously reducing the space requirements of data centers by up to 75%. Moreover, its remote management capabilities enable the construction and operation of data centers in remote or harsh climates previously deemed inaccessible.
In the realm of Bitcoin mining, MARA 2PIC700 offers significant advantages. It facilitates the overclocking of ASIC miners by 60%-100%, with enhanced mining performance. Moreover, it promises a reduction in cooling costs of up to 60%.
The introduction of MARA 2PIC700 aligns with Marathon’s broader strategy of vertically integrating its technology stack and diversifying its operations. Earlier this week, the company introduced MARAFW and MARA UCB 2100 to enhance the performance of various Bitcoin mining rigs.
Marathon Digital (NASDAQ: MARA) Stock Reaction
MARA stock fell 2.72% to close at $20.38 on Tuesday. The traders had exchanged hands with 41,965,651 (41.96 million) shares compared to the average daily trading volume of 85.76 million.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
